so, AXT holds a one fourteenth stake, ie a little less than 7%, in a company that holds a 25% working interest in the tyler county project, which may or may not get drilled in coming months.
in effect by my calculations, a flow through holding of not quite 2% in tyler.
at the risk of being charged with giving an honest appraisal, Even if this tyler county well is successful, i doubt this will have any impact whatsoever on AXT, which will have to pull something out of its own bag, if there's anything in there at all, to spark any SP rise.
i'm only holding AXT because it ain't worth selling
AXT Price at posting:
2.3¢ Sentiment: Hold Disclosure: Held