AXM 0.00% 1.1¢ apex minerals nl

still waiting - hopefully good, page-15

  1. 211 Posts.
    It's a 'conditional' underwriting. Azure needs to get other suckers, sorry I mean sub-underwriters to take some of this on. No one in their right mind would accept this risk for a 6% fee.

    Plus you need shareholders to approve some aspects of the re-structure. And shareholders pretty much have worthless holders and may vent their spleen.

    Interesting to see what happens.

    NB: Just hit 0.001. Maybe the ASX needs to allow for another decimal place: 0.0010 - then it can fall further :)

 
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