I will get quite a few of them, and the answer is no I won't be selling soon. Nor will most the others. we got these shares in an early pre-ipo seed funding deal 1.8 years ago at 6 cents a share.
look IMO AXL has more land in and around the cadera de Pocos than - and hitting the same grades there as MEI- Mei was A$ 500 million and is now down to A$200 million. Mei is a bit more advanced in drilling and has off the top of my head around A$ 23 million in cash. - it also has a market cap of A$ 200 million.
AXL on the other hand has A$ 8 mill market cap. and has around A$10 mill cash, So just on this basis AXEL should be trading about 50-60% of MEI value (Around A$ 100-120 mill) MC to be at fair parity IMO. Its still at just A$8 -
so when sentiment turns in REE which it will, or China stops supplying US with REEs in retaliation to Trumps Tariffs - which it will- attention will turns back to the Brazil REE plays - either AXEL will have to go up 10-20x or Mei has to fall 90% to be at parity -and i think the former is much more likely than the later
Moreover, the new results coming out of AXEL's Caladao project drilling in the lithium Valley in Minas Gerais are outstanding - who gets 28,000ppm treo and 7,000 Mreo? and every they dig is mineralised in all directions -I reckon they have just found a (IMO) a monster new REE resource in Brazil. and that's all extra on top of the caldera lands in which MEI I mentioned above. So it looks like AXL should soon trade at a premium to MEI.
that would imply a 30-40x gain coming the way of AXL. the clowns selling done here now are in effect selling their A$10 mill cash/ + their Caldera resource and + their Caladao resource for just A$8 million (USD 5 million) to me that's just Nuts.
Today almost 30% of the SOI traded. that's big. the dumbass sellers must run out of stock fairly soon. Then we could hopefully see this climb nicely with more news.
also there's a free one-for-2 loyalty option (strike 20 cents in 3 years) coming in Jan for existing holders. That's going to be worth a lot too - especially at 2$ a share!
I agree with Navigatior above they are the impatient people in the process of transferring their wealth to the patient people as we watch.
I for one know they don't know more than me on this project, nor do they know more than the market, nor do they know of any special news- they are just
impatient people transferring their money to others in the long term.
So why would I sell and join them?
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AXL
axel ree limited
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7.9¢

I will get quite a few of them, and the answer is no I won't be...
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Last
7.9¢ |
Change
0.001(1.28%) |
Mkt cap ! $7.964M |
Open | High | Low | Value | Volume |
7.8¢ | 7.9¢ | 7.8¢ | $5.954K | 75.41K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 28955 | 7.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.8¢ | 7948 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 28955 | 0.076 |
3 | 179299 | 0.075 |
1 | 100000 | 0.074 |
1 | 20833 | 0.072 |
3 | 96484 | 0.070 |
Price($) | Vol. | No. |
---|---|---|
0.078 | 7948 | 1 |
0.079 | 420 | 1 |
0.080 | 50000 | 1 |
0.082 | 149751 | 1 |
0.092 | 50000 | 1 |
Last trade - 10.02am 16/06/2025 (20 minute delay) ? |
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AXL (ASX) Chart |