Don’t doubt BLK will need more capital. However Capital raisings aren’t inherently bad, it is what is done with the capital, raising price and what value is created that should be judged ?
All I am saying over the last year BLK have done a very decent job with their cash and have given no indication to be judged otherwise, I would not be putting AXM in this category.
Anyhow won’t highjack the thread any further, wish luck to the AXM holders and think you have a fighting chance at least with EE at the helm.
AXM Price at posting:
20.0¢ Sentiment: None Disclosure: Not Held