Seems a considerable amount of support at present with SP...

Seems a considerable amount of support at present with SP holding firm at 2 cents.
This is surprising considering the multitude of negative sentiments on HC.
Perhaps the "big boys" see some hope for the company as do some of us "punters".
If the company releases another improved result for January and with the success of the adjustments to the balance sheet AXM must be rerated.
The market cap is simply too low for the resource and production level.
If the "big boys" didn't support management i'm sure they could apply pressure to "sort it out".
The rights issue at 1 cent could of course generate an instant profit to participants as the placement at 1.8 cents will support the SP.
Will hold for a little longer and take up the entitlement. New players DYOR