Why?
Its all about believing the story. Searching for only positive news, and ignoring facts that dont fit into the image.
And if enough people join together to support each other, sp increases become a reality . For a short while!
!The $3.00 stock in 2007 was nothing but a pump and dump. Plain and simple.
People believed the story, and bought. Believed it would go higher and higher. Traders made a bundle. Believers got a haircut.. (though some here would argue that they did not take a loss at all, if they simply held on to their stock) There is a lesson there for anyone who wishes to learn.
Comparing the price to this or that stock, historical successes, the future price of iron, and interpreting cleverly written NR's to meet expectations, are just meaningless exercises to convince oneself that the investment they made is a good one.
When we can see at least four drills working in Roche and the ability to finish up the 15k meters and complete the DFS in a timely manner, it will boost confidence and the sp will increase. Completion of the announced and planned program is critical.
If for any reason, any reason at all, the drills are not working at roche or they only do a partial drilling resulting in a delay in the DFS, you will see the sp go way down.
When the DFS comes out, and IF it is economically viable, then it will attrack the big players and the sp will go up and stay up.
That is all tomorrow.
Personally, I am concerned by rising energy costs, and while I am certain if you called AXI they would tell you that they are no problem at all., I think they are.
The second thing is the whole TUktu. It was mentioned, and I believe for the first time in an AXI nr that they confirmed they had the money..I found this interesting. Almost as if they cannot finish up on Roche they can spin the confidence to Tuktu. There was alsom mention of another port or something at Tuktu. I dont think that is feasable at all. Ore (if it is good grade) can be transported to Roche port or, if its grade is low, to Roche for processing...
As to all the copper etc etc. Smoke and mirrors folks. Part of the story.
I wouldnt be to concerned as I read almost every day someone posting that they just wished they had bought more, or the best one...couldnt help themselves at .75!!! I loved that one. Attempted market manipulation form a schoolchild.