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AXE EXPLORATION INC V.AXQ

"Axe Exploration Inc is a Canadian based exploration stage company. It is engaged in the business of acquiring, exploring and developing of mining properties and also holds interests in properties at the exploration stage located in Canada. It has interests in four properties, which are located in Quebec, mainly in Abitibi area. Its properties include Destorbelle Property, Commandant Property, Gold Peak Property and Unique Property."


TSXV:AXQ - Post by User

Comment by atikaon Oct 11, 2018 9:46am
56 Views
Post# 28779934

RE:RE:RE:Many things to consider

RE:RE:RE:Many things to considerHi Happy2K18. Mr McDonald is not imposing a 16 for 1 reverse split to Axe's shareholder : Terranueva's management do ! And I beleive Mr McDonald negotiated and finally accepted the 16 for 1 transaction because he was conviced of the great potential of the cannabis company. This is what happened to me as well when I met Mr Ayotte and Me Monet.
Now the probality for you to get your money back - 320,000 x 0.09 = 29,000.$ - is better with 20,000 shares of Terranueva than with Axe as a junior mining company.
I personnaly have 700,000 Axe with a 0.095 average cost. My thinking is that the potential of a well managed cannabis company is far greater than the potential of a junior mining company.
By the way, according to the burning rate of a company like Axe, there won't be any more money in the bank in less than two years.
In the mean time, Terranueva will produce and make money !
Please, give a call to Mr McDonald and see by yourself.
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