the deal, page-5

big write up in todays west business,
talks of support from overseas investors/goldman sachs whom raised that 60c capital, also other reports of 108million dollars figures. Looks like it will go through, its now up to management to make the mines work and don't look back.

I saw the same thing happen with TAM, needed a major capital injection although it obliterated the share price (in TAM's case it was half a cent) but it was backed heavily by the major players and allowed management to focus on the job at hand and get the mine working. I've got no doubt that like TAM, AXM has the gold in the ground and i'm sure that with the debt monkey off the back this will turn around and shareholders will see value within 12months.

regards
Davo


p.s Is anyone with Patersons??? any info from them?