RE:Axu all "blue sky" and is it a "CHEAP" sale?Serious question:
I have been invested (heavily) in AXU for years and kept in touch with the company (IR).
The things I was told appear to have been untrue. I have been waiting for 'full production; which despite delays and in spite of the stream with Wheaton should have resulted in very decent earnings (by my estimate around .30 a share.
After the laughter subsides...
I also assumed location to be a non-issue as they were to be working underground, they have an airfield, etc.
The analysts were also positive on the company and I assumed they were experts (including Chen Lin)
So, the question: how 'could or should' I have known better? In retrospect, the share price was close to $3 USD when the delays were first reported. Should I/we have bailed then?
Are the analysts not to be trusted? Are the actually just selling the narrative the company wants sold?
Lastly, there is and has been production from the mines and I expected that this would improve and grow as Keno Hill is an entire and rich district. You seem to suggest that HL will leave them idle.
At the end of the day I feel foolish and lost a lot...a lot.
You say to do you due diligence and I thought I had. I would really like to know 'who knew' and when I should have known to bail.