pigs in trough time, page-16

I thought Ed was more of a deal maker rather than a nuts and bolts sort of guy, like the current SBM CEO.

You mention the high valuation that SBM reached pre-GFC, but this is what also happened in a general boom period to many other goldies - even NAV was over $1.00 at one time.

I have no idea if there is anybody that can run AXM profitably, but given that Ed failed with SBM I do not see why he will achieve this with AXM.

Best of luck with AXM. I have nothing against this company. I am just making an observation after watching how Ed ran SBM. I had a few SBM shares briefly, and gave up a long time ago, and I held NAV shares when they run up to over $1.00 (wish I had sold them then instead of back down at my entry price!).

loki