capital raising, page-9

no, without it a percentage of POG above 1100 is lost, not all of it.

Will be interesting to see how much they are paying the gold upside notes out for, and how it compares to the carrying value on the financial statements. If they have been able to negotiate a payout at a considerable discount to the carrying value, it may actually be a possitive.

But it will be difficult for AXM holders to stomach another capital raising, especially in current climate when a lot of 'gold bulls' are also probably being margin called on the weakness of POG.