Fantastic news. AXE will be cashed up to really knuckle down and drill their graphite deposits. Will be very announcement driven over next 12 months including short term updateds on recent drilling.
The 30 cents at such a tiny discount puts a floor under AXE and the SPP is a good reward for shareholders. This SPP will no doubt be scaled back when you consider that if 100 shareholders buy $15 each, well you have already got the full allocation.
TLG's performance yesterday regarding drilling on graphite deposits in Sweden tells me that I think we are in for a massive day.
The thing I really like with AXE is that they are a very diversified explorer targetting many other areas with good ground.
The SP had a big move to 30's recently and has consolidated at these levels for a few weeks. I think the next leg up wil occur over the next day or so and will swiftly move beyond 40.
Very excited!!!
trading halt, page-43
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Last
29.0¢ |
Change
-0.015(4.92%) |
Mkt cap ! $73.90M | |||
| Open | High | Low | Value | Volume |
| 31.5¢ | 31.5¢ | 29.0¢ | $205.8K | 690.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 45527 | 28.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.0¢ | 12310 | 1 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| AXE (ASX) Chart |