This stock has dropped against the general market trend significantly and there doesn't seem to be a support level. Seems many "speculators" have been able to exit on the down and most of we "investors" are still in the dark as to the prospects for the company. Management has not instilled confidence to date with most milestones either not being met or delayed. The amount of money spent is very high with relation to the present market capitilisation. Solutions to the production ailments and the actual cost for remedy would be helpful if released to the market and might give confidence that management is actually planning for what they need to do to meet the advised production targets. Unless magagement is able to give the market some confidence the capital raising needed to increase mill feed as a solution to production shortfalls is going to be difficult. These are my observations only and the confidence given by the board at the 2008 AGM is not being delivered due to lack of effective management at this time.
AXM Price at posting:
7.7¢ Sentiment: Hold Disclosure: Held
