AVQ 0.00% 2.5¢ axiom mining limited

Today's update had a negative effect on the current S.P why ?...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 1,361 Posts.
    lightbulb Created with Sketch. 8

    Today's update had a negative effect on the current S.P why ?


    well overall it sounds quite desperate , with very little details in the update, fuzzy wording and 4-6 months before any actual delivery of product


    the desperation in the announcement stands out,  moreover with a low cash balance for an upcoming drilling program a C.R must be on the cards soon 


    based on current S.P plus discount expected C.R would be in the range of 8.5 - 9.0 cents 



 
watchlist Created with Sketch. Add AVQ (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.