Correct me if im wrong but i believe the quarterly is due before the end of the month and should substantiate the lower cash cost.
So from a traders point of view it doesn't make since to sell at 2.5c or 2.6c which is the low end of the bell curve and the fundamentals are a lot stronger now then a month ago.
For my mind I think at worst we may take a chunk off 2.5 and might even break through,but I don't think you'll get back in at 2.4c as every man and his dog will be there waiting.
So you'll try to get back in at 2.5c and by then its to late and you'll kick yourself for selling in the first place.
I bet theres a few punters out there that have been caught out before,I know I have. I personally wouldn't get court selling below 2.6c,you might get back in at 2.5c at best if your lucky but not a good play IMO,just be out of pocket a heap of unnecessary brokerage.
But If we get a bad announcement then all bets are off.
Just my thoughts,
AXM Price at posting:
2.3¢ Sentiment: LT Buy Disclosure: Held