AXO aurox resources limited

strong support at $0.24??are we looking at the same stock?the...

  1. 2,475 Posts.
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    strong support at $0.24??

    are we looking at the same stock?

    the last big line got taken out the other day in a few seconds of trades.

    my guess is that the seller is not finished, just resting. maybe its a fund manager and now hes on his christmas holidays so thats why there hasnt been much selling.

    the only time i will beleive there is good news coming will be when the share price unexpectedly starts going up, then i will think somethings happening.

    i still think is strange they released that annoucement the other day, what was that for? it was almost exactly the same one they released last week or the week before. maybe thats the one they were shopping around in china.

    there has been so many false starts with this stock its not funny, however they dont have much more room to move in terms of cash ($7.5m left as of November), they have to pay 2 more payments on the AXOG and then payout the AXOG as well. If they get to June and nothing has happened then they will be toast and the guys running this will be working somewhere else.

    someone could get hostile and boot the current directors out and then deliver the project to which ever chinese company stumps up $100m for it.

    dont buy to they have finance secured.
 
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