I just bought in finally,have been watching this stock for 1 year or more. The only reason I bought is because I think Gold is gonna hit $1500 by the end of 2010.Also AXM has 2 highly respected institution being M&G Group and Vanguard Precious Metals and Mining Fund which hold 135,000,000 each. I have owned companies with these to institutions on board and the stock always on average finished up doing well. If gold keeps on climbing up axm will start to look attractive even being a high cost producer,A$ wont stay high for ever and gold prices wont be coming back anytime soon.
Just my thoughts,
AXM Price at posting:
1.7¢ Sentiment: LT Buy Disclosure: Held
