Just my random guess here,.... give me a moment to ramble....
but Andrew Frazer is a prominent Perth stockbroker who is balls deep in this stock. So deep he cant get out. Maybe, just maybe his wife (Cottesloe PO Box a coincidence as they live within a short stroll distance of the post office) has been accumulating during the preiod they are trying to place the shortfall from the 8c raise? The $875K is less than whats gone in so far personally, let alone client and reputation costs if this blows up.
Again, this is just circumstantial.
This one (AXM) is a gift which just keeps on giving. Shame it as the expense of the ?$300 million in equity it has swallowed already
AXM Price at posting:
5.0¢ Sentiment: None Disclosure: Not Held