I have seen the buy side build up on numerous previous occasions, yet the SP has continued to decline, we all look to be riding a down hill racer.
I have offloaded a very large portion of my holding at 9.2, i will sit on the side and evaluate, i will look to re enter when the resumption of steady state production returns and the prospect of cash depletion has diminished.
Up until a few days ago i was happy to hold but i do not like what i see at the moment, another raising could see me re enter at 5c if all the right signals are there.
AXM Price at posting:
6.9¢ Sentiment: None Disclosure: Held