I was told some time back by a reliable source that the info coming back from the mine to Ashley was being glossed up, as Ashley is a bean counter he was relying on this info to be true and correct, the guy in question has been gone for some time. I have never posted this before as i cant verify its authenticity but it seemed possible and i have no reason to not believe it to be true.
This still does not make the stock any safer to invest in and i would tell everyone to treat this with a pinch of salt.
This still does not answer how things were able to get so bad.
AXM Price at posting:
1.7¢ Sentiment: None Disclosure: Held