RE:RE:AXR to GoldThanks NZ, alway appreciate hearing from you.
AXR will always rebound given its rich quantitative resources.
I'm also a firm believer in management's direction.
I've spoken with the CEO several times, listened to radio interviews, etc.
He's dedicated to making this company a bigger, better, success story.
And he's opposed to the dilution of shares at low market prices.
As you said, we need a rebound in silver prices ...
That can be derived from higher gold prices or a return of the historical GSR.
In the latter case, silver would now be at about 21.50.
That's well above a start up target price.
In addition, the balance sheet's recently improved by 10 per cent.
The Cdn dollar is currently at 0.80 USD, vs. the 0.89 used in the PEA.
As you also pointed out, several other factors are now more beneficial.
I'd really like to see an updated PEA using today's numbers.
So ... perhaps even with some stability in gold prices at current levels ...
There might soon be an announcement catching everybody by surprise :)
And we know what that would do to AXR's stock price.
Today's volume was again high despite little change in prices.
This means AXR shares are now in stronger hands.
There are many reasons to be optimistic about this investment.
Let's see what tomorrow brings :)
GLTA