its a bit of an unkown Loul,tradtionally (if you can use that...

its a bit of an unkown Loul,

tradtionally (if you can use that word on the stock market) capital raisings are done at a discount. then the stock can temporarily drop to these levels. if its a good stock it bounces back quite quickly.

in this sort of market who knows? and who knows what price management have secured this raising at?

AXM is looking the goods and considering the capital raising is for a specific purpose and the share is tightly held i think most investors wont have any problem with it. With this $$ we will be into producer status later this year and that means cashflow and fingers crossed no further dilution.

time will tell but i'm not too worried its definately shaping up for a BIG year!