reeds selling out, page-2

Ouch,

Given the announcement by AXM yesterday of a <25% takeup on their underwritten $22m SPP (Azure underwriters) and the imminent closure of the RDR raising, this probably could not have come at a worse time.

Old gold mines in WA are not the literal gold mine they once were it seems.

Does anyone know of the muscle Bligh Capital partners have (the underwriters) as it might be tested soon. Any other transactiosn like this recently?

Not great, but if the underwriting comes through, the game plan is still on track. Then its down to how well the DFS can be implemented and how true it was.