With the US economy to recover, the share price will recover a bit, considering the company has no asset liability. However, if the environment turns even sourer, I am afraid a consolidation is under way, which the company is waiting for, by letting the share price nose diving. The economy life cycle for this company is always "finding new mine - share price up - rights issue - selling the new mine - Share price down", bloody ill-minded company management!
AXM Price at posting:
0.5¢ Sentiment: None Disclosure: Not Held