Somewhat surprised by the move today, but I guess not completely unexpected, given the jitters related to commodities.
Looking at this as an opportunity to top-up, more than anything else. With the possibility that we may be hearing of "visual confirmation" in a week or so, hopefully that'll be the first catalyst that'll make the current price look like a good bargain in hindsight. And if the drilling finds what we hope it will, I reckon this stock will rocket even if the general sentiment is bad related to commodities.
Also reconfirmed with management that it should take 2-3 weeks to reach the targeted depth for drilling, followed by lab tests. Depending on the backlog, I guess we're looking at another few weeks or so after that to get back results (my estimate, not the management's).
AXT Price at posting:
11.0¢ Sentiment: None Disclosure: Held
