RE:How Low Can It Go?Good question
IMO
Who knows maybe < .50 unless silver picks up. Roll the dice.
Not sure anyone here can answer that with any confidence. Is this is a pure play on the price of silver? Possibly. Lots of theories around why the current price of silver is so low (personally I don't care).
IMO
Maybe shareholders are just getting time to take a good hard look at Q1 and the KPI's and the drop in share price reflects that. Axu has been raising cash whereever, however and whenever even though there are other ongoing concerns. But sooner or later this may catch up. Management gets paid to do a job, guidance is one of the key items. Of all the other on going issues missing guidance is like saying who drving the bus. Not producing a report for the stated reasons sounds like as we are unsure of our issues and we more time. It makes things sound like it's coming off the rails. For example someone said a lack of pins and bushings can be a supply issue. If that's true it speaks to why mines have machine shops and something called a lathe. If Axu doen't have one there's a few in Whitehorse. Running the business, producing reports is like exactly what managment does and is well compensated for. Maybe managment will provide VRIC intelligence at 3:00pm . So far nothing seems to be increasing the share price or inducing people stampeding to get in. From what I can see there a fair number of shares traded and along with a decrease in price. I'm still thinking maybe this is a company that likes to drill holes, prove deposits, then hope silver pops up and see if they can get a buyer. If this is the case then Axu needs to pull out all the stops and forget the drilling for the season and start doing whatever it takes to start getting the 400 TPD and hope the price of silver increases, else it could be game stop. Promoters here talking of shorters squealing is just plain rubbish.
One things for sure is that I wouldn't invest anymore into this stock, as shareholders are the last to get paid. LOL