Bellcurve
no not neccessarily
a mid range succesful Woodbine well program for Pantheon would see a +100p share price...Its very big play the Woodbine..A good success the upside is multiples
That would equate to over $10m cash for AXT assumng mid range success
Given its tax losses AXT could have 8-9c per share cash backing..
Then its a cashed up shell that could do a very credible corporate transaction
Not many junior shells out there with $10m in the bank!!
Bellcurveno not neccessarilya mid range succesful Woodbine well...
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