Shadbar, personally I'd like to see it come good too - they've done too much hard work getting to this point. I guess we'll have to wait and see until the qtrly comes out.
If they have a good qtrly (I reckon it'll be best yet based upon increased ore tonnes and grade in the previous 2 qtrly's) the SP will naturally rise by a bit. Perhaps it is the necessary economies of scale and/or the operational flexibility of having several distinct areas to mine at any given time (ie stoping panels)
Agree on the SP pricing AXM as a failure tho. When you consider the recent failings of small-mid gold plays (MON's Davyhurst, VRE Bronzewing, Mercator's Meekatharra, Burnakura etc) they've all been a failure due to grade/geological issues. Wiluna has the gold, just need to get the economies of scale and op. flexibility happening to make it work.
As the subject "fairytales" suggests, if the SP was to come back up over 5-10c, people getting in now would be doing alright. I just feel sorry for the guys that got in at $1 or whatever it was a few years back and held in the hope it'd go up.
As always, DYOR
AXM Price at posting:
2.2¢ Sentiment: None Disclosure: Not Held
