Hi Folks,firstly, it should be said that I don't hold any inside...

Hi Folks,

firstly, it should be said that I don't hold any inside information so my comments here are based on information available to the public.

As far as I know its common knowledge that AXM are unhedged.

As far as no debt...mmm ..ok...next to no debt. They have or did have some leased equipment and had locked horns with their fleet maintenance operator who was claiming $7,000,000 in lost revenue. Judge sent both parties away to work it out themselves....haven't heard any more than that thus far.

The information I have regarding NST was taken from this site so may not have been accurate, infact fitfam has already more or less discredited that information. Good on ya Fitfam!

Timeframes etc in relation to a previous post of mine; Educated guess folks - refer to my first point.

AXM has a history of surprise the market. (Part of their corporate style). Unfortunately the surprises have generally been limited to bad news.

As you all are aware the GOLD PRODUCER market world wide is entering a bull market. The thoughts I express here are shared in this context.

Chances of a significant lift in the AXM sp before Xmas is quite good.

Trust this answers your questions...cheers

Alt Out!