AXO aurox resources limited
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shougang drops bid for mount gibson

  1. Part4A
    2,475 Posts.
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    03/04/08
    19:55
    Post #: 3544083
    could AXO be now on the Radar?

    APAC was rumored to be interested in AXO back in early 2007 but nothing ever happened, possibly because AXO didnt have a big enough resource.

    We as per the last announcement they expected to have reserves of potentially 1.3b tonnes. Surely that is now big enough for them?

    Given the price is only $0.35 per share above cash backing AXO could be a very very cheap option for the Chinese.

    Looks like some accumulating going on as well, nothing huge but its noticeable.
    AXO Price at posting: 0.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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