This company has a credibility problem. There is no doubt about that and that is the reason the shares are trading at 1.1c.
The difference this time is actual libilities have been significantly reduced, gold production is increasing, costs have significantly decreasing and the price of gold has hit a new record high (up $23 overnight).
These points may sound redundant and that is because all of them have been raised on this forum in recent weeks.
Yes, there has been a cheeky rights offering at 1c since then but these underlying facts about the health of the company remain unchanged.
The market can not continue to ignore a cash flow positive gold producer with a clean balance sheet for much longer no matter how annoying the latest right offering at 1c was...
AXM Price at posting:
1.1¢ Sentiment: Buy Disclosure: Held
