they have $8 million in the bankthey raised cash at 30 cents a...

they have $8 million in the bank

they raised cash at 30 cents a share

what has hurt them is MOX being sold down also aswell as Gunson.

AXT is a pure south australian copper play with concentrated targets.

I am 100% sure that drilling starts in the next few weeks.

The share price issue was 20 cents.

so it is at a small discount, i think you will find that most speculative stocks are getting hammered.

Speculative stocs get driven on news remember people, and AXT has not announced anything since the 4 holes were drilled.


They have 10 holes to drill, a few at intercept hill and Toondulya also.

The stock almost has no liquidity, in that it can go days with out trading if the market is steady.


Personally if your looking at getting into this stock. i would buy around 16 cents, and then keep some spare capital if it drops lower.

I picked up only 6900 shares at 15 cents, my total is now 109030

i have another 200,000 shares to buy, but i am hoping to do so at 13-15 cents if the market has another poor day. I can't really see it happening, but in todays market who knows.

I am happy to join the top 20 shareholders at an average price of 19 cents.