where has davo gone ?, page-2

  1. 4,326 Posts.
    g'day mate, i'm here, still floating around in the background ;)


    Obvious that SP would drop back to issue price of recent cap raising, 90% of the time its a fait accompli

    troubles with start up as i thought, electrical fault or the like sounds like one of those needle in a haystack type problems that take a while to find but not too long to fix once you've identified it, and as such production output/cashflow wasn't as forecast.

    i guess we all said previously that they did well to raise the 50 or 60mil and they did so with minimal shareholder dilution, they seemed to have gone for a $ figure just over what they required but this then got gobbled up when the cashflow didn't come in on time, thus the new cap raising. unfortunate at best but these things happen and all in all the offer was taken up in full showing market support for AXM.

    watching with interest, perhaps might buy some more, it certainly looks cheaper now than ever imo, can't see it hanging around these levels for too long.
 
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