After @Waterblunt presented a great summary of FACTS, I believe the share price on its way down was proven not be true yesterday. I suppose it can vary quite a bit. I feel we need to be careful when presenting rising and lowering facts of SP on a spec stock.
WB presented this...
"
....but let's just step back and look at the recent facts as we know them;
1. We have a definite timeline for the EOI.
2. It is going to be largely landowner driven.
3. We have the landowners remember AxiomKB!?
4. In the last few months RM has put $500,000 into Axiom.
5. There is no issue with competitors i.e. Sumitomo. Don't see much of them lately.
6. We own and have the money to JORC San Jorge.
7. Management have said we are NOW JORCing San Jorge.
8. We have or nearly have completed the PFS.
9. The last CR was done at a VERY good price and oversubscribed.
10. We have the sufficient funds we need to ensure we will know if we have regained Isabel prior to the requirement of any more funds and have appointed the personnel to ensure mining success if/when we get it.
At this stage, these are appear as true, all we can speculate on is the outcome of each. Thank you WB for this post.
GLTA
AVQ Price at posting:
24.5¢ Sentiment: Buy Disclosure: Held
