Is the company still trading. Is there possibility this company of ours is trading insolvent? It can not pay its debt when they fall due. I suggest do not pay MA even after the capital raising. $1.2m is about 5% of $22.2m. The management should provide a cash flow projection of how this money (capital raising) will be use. It seems there is not much left for operating expenses - so it is no use if there is not much money left to produce Gold. I am not putting in any more money on this Sxxx company.
AXM Price at posting:
0.3¢ Sentiment: Sell Disclosure: Held
