AXM 0.00% 1.1¢ apex minerals nl

The high volumes over the past few days and the reduction in SP...

  1. 54 Posts.
    The high volumes over the past few days and the reduction in SP accordingly seems to be due to quite a few entities taking a position rather than a general "sell down".
    There seems to be a reasonable level of support and quite a number of crossings.
    Perhaps many are positioning for the quarterly due by end of month.
    This stock has had a lot of negative sentiment especially on this forum by parties declaring "no stock held". Could also be just "downramping".
    I still will hold for the quarterly and hope for some improvement.
    Sale of Youanmi can only be a plus if funds are not available to develop it. It will save cash drain for tenement charges and may generate some much needed cash.
    DYOR


 
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