as far as I know AXM isn't due to provide their annual until 1/11/11, 3 days after their next quarterly (28/10/11).
Alt out!
ps : I understand people taking profits over the past 2 days but really.....why would ya?
Panoramic Resources (who purchased the Gidgee Project excluding the Wilson's deposit) CEO stated today that one of his previous mentors/bosses told him that mining for gold was akin to digging up George Washingtons (US$).
In my humble opinion AXM does not need to accept a takeover bid from anyone. They own a valuable asset that is in significant demand and have worked through most (if not all) of the challenges including personnel/management issues, equipment issues, backup power issues, logistic issues, infrastructure issues, financing issues and 'balance sheet issues'.
They still have 'credibility in the market' issues to address which I believe they will broach over the next few months.
Watch this one. SHOCK AND AWE any time from here to xmas. I won't miss out.
DYOR
Alt out!
AXM Price at posting:
1.1¢ Sentiment: Buy Disclosure: Held
