AXM 0.00% 1.1¢ apex minerals nl

asf, as you would know - the stock market isn't like Woolworths....

  1. 12,839 Posts.
    lightbulb Created with Sketch. 3
    asf, as you would know - the stock market isn't like Woolworths. What might seem a bargain today will probably seem more of a bargain tomorrow and conversely what seems expensive today will probably be more expensive tomorrow.

    The chart tells the story here.

    IMO, this company is headed for liquidation. They went for a ridiculous and desperate dilution on the back of ramped up confidence that Au$1500+ per oz of gold would see them in the black. As we now know that hasn't held true.

    Caveat emptor.
 
watchlist Created with Sketch. Add AXM (ASX) to my watchlist

Currently unlisted public company.

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