Pretty Straight Forward Undervalued..Funded to Start Drilling for GOLD
SuperMoney wrote: The following strong fundamentals can justify that AXQ should trade at higher price than $0.015 at present:
(1) With 55,557,445 million shares outstanding, of which close to 19.43% are held by insiders and institutional shareholders, Axe Exploration is in an excellent position in the actual context with more than 1.8 million dollar in cash and carries no debts.
(2) the cash price per share = $1.8 million cash / 55.6 million shares = $0.03 per share for AXQ.
(3) AXQ has 7 good properties mainly in Quebec with high grade gold and other metals already found within the properties. Some of them are JV projects with other good companies.
(4) Excellent management team members. They know their properties in Quebec and they know what they are doing very well.
(5) Given the cash price $0.03 per share, the potential market share price should be much higher than $0.03 if considering their good properties and other strong factors.
Cheers.
image: https://stockcharts.com/c-sc/sc?s=AXQ.V&p=D&yr=5&mn=0&dy=0&i=p40582001864&r=1454601296253
image: https://axeexploration.com/en/wp-content/uploads/2015/09/Localisation-G%C3%A9n%C3%A9rale-Axe1.png
image: https://stockcharts.com/c-sc/sc?s=AXQ.V&p=D&yr=5&mn=0&dy=0&i=p40582001864&r=1454601296253
