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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 Nov 03, 2018 12:24pm
54 Views
Post# 28919139

RE:Math lesson for Atika

RE:Math lesson for AtikaThank you Manakai for your math lesson, but the student has to correct his teacher !
I still have 700,000 shares.
The reference share price of 0.06 cents is not correct. If you remember, we were trading at 0.035 before rumors of something brought us to 0.06 cents. Without those rumors, the stock would have probably stayed at 0.035 cents.
Now, you seem to confuse the price of the proposed private placement with the opening price of Terranueva if the transaction is approved. Sorry, it has nothing to do. I won't be surprised if the stock open at 0.75 cents and goes rapidly above the dollar mark.

It is my opinion based on those facts : 

1. Apparently, the minimum financing - 2.5 million - is already achieved and I won't be surprised      if we are oversubscribed within the next two weeks, thus creating higher price at the opening
2. Considering  the financial projections of Terranueva, we will be trading at 2.00$ within 12-18        months - this is my opinion.

If you look carefully at Terranueva's perspective, you will want to participate in this private placement. This is what I am doing despite any complaints regarding the 16 for one reverse split , including my own criticism !

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