RE:RE:Axu all "blue sky" and is it a "CHEAP" sale?Let me answer my own question. "I" should have sold at $2 USD in March (second time it had fallen to $2 USD and a 30% loss for me. Despite what the company was saying saying, the old adage 'cut your losses and let your winners run' should have been my mantra.
Hecla will not idle the mines in my opinion. That makes no sense to me. What was too expensive for AXU is not too expensive for HL. Without the overhang of the silver stream, even my .30 per share estimate will be a signifant boost to HL share price. Then will come a return of the silver price to 25 or 30 USD and HL will reach 8 or 9 or 10 a share...and later in the cycle higher.
Early AXU investors like me will likely not recover our losses unless we buy additional HL shares but as bad as this has been for me, it is transformative for HL who may finally have put the ugly past behind them.