nine days no visuals, page-4

I think it is important to remember that AXT is not taking the operational lead here. Rather Xstrata is, and they are releasing information in batches.. I have been a shareholder in similar situations with Xstrata in the past and they are not usually in a rush to release information such as visuals but prefer actual results.

What I find interesting is that Hugh has gone quiet. Usually my emails to him are replied very quickly but at the moment it is blanket silence. My colleagues are receiving the same. I personally see this as a very good sign.

Now that the 'end of financial year' is out of the way I expect that those who sold to crystallise financial loses will rebuy their positions. So with the improvement in the wider markets I would not be surprised if we see a rise. Especially as there could be a drilling announcement just around the corner..