-
Share
17/09/10
09:52
Share
i'd rather look to pick 0 at the roulette table.
you do realise for AXT to actually have a mine, the are looking at a resource that is 1km below surface.
To sure up a resource the amount of holes to be drilled would require enormous capital raisings.
I think if you are punting on this, you are hoping for one good drill result.
Each hole costs between $250k to $350k to drill.... last time they lost the drill bit down the hole at around 500metres, and had the abandon.
I'd be taking my my money off the table and letting profits run, thats the best method after a near 100% rise...
I went to a meeting many years ago and DR Herbert said olympid dam had 200 holes drilled to sure up that resource.
AXT has had no more than 10 holes drilled, all without any success, and the reporting released required a PHD to understand it!
have a look back, and also see that the share price always rose before drill results, and then it was dumped hard.
Massive insider trading on Argo Exploration guys.
-