typically you see a run up till results - only for the brave though! everything is contingent on strong results - if they hit paydirt,strap in, if not, well........
The reason why this is a good punt, is that we have Xtrata drilling (they tend not to waste thier time), and they're drilling an anomoly that has been drilled on the edge previously returning v strong grades.
So, as risky plays go, this is less so.
But with market cap of circa $10m - upside on strong results far outweighs potential downside! IMO
AXT Price at posting:
12.0¢ Sentiment: Buy Disclosure: Held