Ann: Trading Halt , page-13

Hi Folks,

gself,

I have to agree at this point. Unless I've overlooked something they haven't included any projected administration expenses for the Jan-Mar quarter.

Only hoping now for something positive from the information yet to be put to the market to recommence trading.

Gold Price = US$1.746.10

Given that AXM needs more money right now, they either have a project that requires significant capital with initial lower return OR they don't see the next quarter's production figures keeping them afloat. If the latter scenario plays out one can only conclude, given the current gold price, that current Corporate Management holds little credibility.

Shareholders deserve a letter from the company outlining an up-to-date business plan, key objectives with timeframes, SWAT analysis of the company and a commitment to restructure if the timeframes/objectives/budgets aren't met.

Last quarter was the shocking report for me. Didn't believe there was room for a quarterly like this one.

Kingy must have seen huge potential. Maybe its still there but just needs to be realised.

cheers

Alt Out!