Well I took the plunge and re purchased a few of these bad boys!!
Obviously I could lose the lot or if the sales go through and they do the right thing by shareholders by winding up the company and returning the proceeds to SHs, then this could be worth 15cps.
Probably not a bad risk/return, but it is like buying an option that can expire worthless.
And how the gold price travels over the next few months may be a factor. If it drops, then that will scare off the buyers and vice-versa.
It'll be an interesting 2m!!!
AXM Price at posting:
4.9¢ Sentiment: ST Buy Disclosure: Held
