stock ownership Perhaps I missed it in some posts, but how does anyone here know what anyone else holds, or does not hold, in stock in AXI? I am quite curious of some of the claims made about people's ownership.
There seems to be two sides to this bullboard, and both are becoming more and more extreme in their posts, and more and more resorting to personal attacks.
I will admit that sometimes I find Gag a bit hard to take, but that does not detract from the validity of his opinions, or , in fact, some of the information he offers up. And quite frankly, some of the rather presumptious psuedo-analytic posts are just as tiresome.
While Gag has not been around that long, many of those oposing his views have, and they have in the past made many posts ponificating about the endless opportunity here. For those with cooler heads, reading their past posts is interesting, if not instructive, in determining their credabilty. At least this year I have only seen one post alluding to the stock meterorically rising to $4.00
As far as AXI's present financial position, based on their last financials reported, and the fact that they have not actually received any additional funding, I would think they are maybe a little strapped right now, and that the $5million debenture is sorely needed. Not promissed, but cash in hand..Just my opinion. A dollar short and a day late is a problem.
As to the $20 million, I dont see that referred to specifically anymore in the Chinese releases. Quite odd. But I do see the releases mentioning other activities which sometimes seem to be overlooked on this bullboard.
In any event, it is now almost the middle of February, and we should soon get information about the 2012 exploration season, at which time, I hope AXI managment will also address the issue of funds to undertake it.
the fact that financials are always reported well after the fact makes it difficult to do anything but speculate on the burn rate, so we will just have to accept what AXi management tells us for now, and then compare it to the finacials when they are released
The fact is they need funds, and need them soon, if we are to see any exploration this year other than some window dressing sampling..
lastly , from looking a the trading this week, it would appear that one of the trading houses sold off a huge amount of stodk...It will be interesting to see if they suddenly appear on the buy side shortly.