AXT argo exploration limited

Somewhat surprised by the move today, but I guess not completely...

  1. 83 Posts.
    Somewhat surprised by the move today, but I guess not completely unexpected, given the jitters related to commodities.

    Looking at this as an opportunity to top-up, more than anything else. With the possibility that we may be hearing of "visual confirmation" in a week or so, hopefully that'll be the first catalyst that'll make the current price look like a good bargain in hindsight. And if the drilling finds what we hope it will, I reckon this stock will rocket even if the general sentiment is bad related to commodities.

    Also reconfirmed with management that it should take 2-3 weeks to reach the targeted depth for drilling, followed by lab tests. Depending on the backlog, I guess we're looking at another few weeks or so after that to get back results (my estimate, not the management's).



 
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