Much has been made of axm's cash balance reducing.OH DEARY ME.
Hasn't anyone noticed the difference in gold POURED and gold sold. AXM's been holding back around 1300 oz a quarter.(2600oz) Either that's someones escape fund,or a rather shrewd move as it's gone up around $400 an once during that period ($1.2m extra) There's also the investigation into the milling plant(where's the gold gone?)-keeping last qtrly's production down and plenty of ore to kick off this qtr,the results which can stay confidential until Octobers announcement.
Very handy if you've got a court case outstanding with ATLAS and wish to show how badly the company's cashflow has been affected by poor reliability of mobile plant under their contract in your counterclaims and how little cash resources you have to meet their current claims as a result.Think that case is during september?
I suspect reported things(production)to be mighty different in a rather positive manner after that's settled. I Imagine very tight lips until October when QTRLY pops out.
DYOR-there's normally a reason for everything-i've got the flu so probably hillucinating here.
AXM Price at posting:
0.9¢ Sentiment: None Disclosure: Held