Apex placed about 1.58 billion shares @ 1c per share over the past 12 months.
As for the sp going back to 2c...well because of the dilution my calculations point to a return to around 2.8c (a 2c equivalent prior to the dilution).
The chances of this happening? In the current climate with any substantial good news...(and we're well overdue for some) and what I feel is a Longbow extended close to a full stretched position, the chances of the sp leaving 2.8c in the dust are pretty reasonable or even likely.
I'm actually quite excited with the prospect at the moment.
On no further news until the next quarterly (due at the end of Oct'11 I see the share price still reaching around 2c+ due to the rising price of gold and the leverage that AXM's share price provides for new investors.
DYOR
Alt Out!
AXM Price at posting:
1.0¢ Sentiment: Buy Disclosure: Held
