RE:Last SEDAR MD&A shows $1,460,418 in cash and no debt for AXQThe cash aspect of this deal is very nice, however do not forget AXQ has a portfolio of high quality gold projects in Quebec which the market is not placing any valuation on.
While management did mention they were looking into the MMJ sector in 2014, nothing came of it. Will they take another step in this direction now that the air is clearing? Who knows.
However, given the quality of their exploration targets I wouldn't be surprised at all if they move forward with drilling some of the more interesting areas. The appetite for gold stocks is definitely back, and AXQ has the cash to create further value out of these projects.
It's worth holding on to and picking up more at these levels.