RE:Looking back at "basher" comments a year or so ago.Oh look - Another new name trying to tell us there is lots of debt and ore won't be available in Jan. (Poor try !) Any fair assessment would have highlighted the other points as well, such as:
1.) Their last update stated they are already "extracting & delivering" 150/250 Tons per day of ore to the mills - They just aren't reaching the 400T level yet due to other factors (ie maintenance, start up issues, etc..) Putting 1-2 years worth of ore ahead of the mills will address that issue
2.) The mills have already exceeded 400T/day for 9 days in the month of May and could have done more if they had the ore, so its not a big stretch for ME to assume they are already capable of milling 400T/day
3.) "Inventoried" ? ? - Do you REALLY think they are going to spend 6 months counting ore? ha ha ha That is BY FAR, your weakest argument
4.) Debt ? ? - What debt ? ? Please respond on this one because it will have a BIG BIG impact on your credibility. (AXU's web site still shows Long term debt: NIL )
Call me whatever you want, but . . I recently started posting on this board again because I saw SHORTs trying to mislead and scare true investors out of their positions. I have significant skin in the game and have already "doubled" down (As I said I would do) thanks to the recent price decline. Now I am thinking about "Tripling down" over the balance of the summer.
PS You didn't even mention that the G7 is going to ban Russian gold use (imports) and you have to realistically think that Silver is oming NEXT, and right at the time when those same countries are trying to "DOUBLE" their green technology / solar applications.
MY take is that this represents a really good long term opportunity at current prices. Are there risks with any investment, sure.(Just look at he general market right now) But for those of us that have invested in miners over the years, we also know there are SIZEABLE GAINS for miners that get into production and SIGNIFICANTLY higher in periods of STAGFLATION. We also know that high grades are a BIG indicator of future success, especially when it comes with other metals like ZincSomething else you strategically opted to omit.
PSS Ever wonder why some of the biggest investors are people like Van Eck, Invesco, Juniper Asset Mgmt and a range of gold and silver ETFs etc.. I wonder if they would agree with your assessment of it being purely speculative. That is normally a term used for "developers" and NOT for someone going into PRODUCTION. Hmm , don't take this the wrong way, but your assessment seems a bit weak. Do you have any manufacturing experience or lengthy investment experience ?