Still making good progressMay 12th report is out:
The Good:
- continuing to make good progress on their ramp up
- now have shares in Victoria Gold worth $6 Million
- The non brokered placement closed after the 1st Qtr, so they also have another $13 Million
The Bad:
- They are behind on their ramp up & need 2 more wks of ramp up before they will be able to more accurately project when they can get to FULL roduction
Comments:
- This stock has been aggressively shorted over the last month, as many of you know.
- The shorts have also been investing heavily in cryptos (per their own comments in the U.S.), which are now crashing. (ie the Terra block chain was HALTED yesterday and may be delisted soon) Others are falling aggressively.
- My guess is that they are getting or will get margin calls on their crypto while being over-extended on their AXU shorting.
- I therefore expect them to be aggressive posters everywhere to try and panic investors out of their AXU positions. DO NOT LISTEN TO THEM. AXU is close to being CASH FLOW POSITIVE with NO DEBT ! This will be a 4-10 bagger over the next few years if investors can be patient. They have more than enough cash and equity (Victoria Gold shares + financing options if they are ever needed) to get into production. We have waited this long, what's another quarter or two. It will be worth it. This is a WOLD CLASS DEPOSIT.