JB, In 2 and a half years of operation they have never made a profit in a quarter, and we have to wait until the 31st of July to see how much of that $5M is left. Most concerning is, it looks like they have stopped there exploration and the cost of development at Wiluna. Did I mention about the unstable ground, high staff turnover,5 capital raisings, poor recoveries etc etc etc.
Other than that, you certainly picked a winner mate
For further research give them a call at the mine and ask to speak to one the production operators.
AXM Price at posting:
0.9¢ Sentiment: Sell Disclosure: Not Held
