It's not a foregone conclusion that AXT will need to raise cash in a few months.
If the Pantheon Resources investment spikes up nicely on drilling success, I wouldn't be surprised to see AXT selling part of its takedown and repatriate the original cash, leaving the rest to be traded away at a later stage. Besides, here is a company that went into hibernation mode to preserve cash when the GFC kicked in. Granted, while it more desireable to raise cash at a higher level, the current burn rate and history of the way AXT management goes about things suggests that a cash-raising is not necessarily imminent.
AXT Price at posting:
6.6¢ Sentiment: Buy Disclosure: Held
