Post by
GreyWhiskers on Apr 08, 2022 9:55am
I have no reputation
TRUE
But having looked at some of the bull here in regards what appears to be lots of people/moderators trying to promote a mining company that is steadily losing money except when the price of silver is like what 2x it's current value. In fact it's been going on for like what 2 decades? Yeah everyone knows how management kept this mine alive, etc, etc, through good times and bad times... Blah Blah Blah.
It's what they get paid to do! If the board stopped getting paid tommorrow what would happen. LOL
AXU may show a profit whan silver is like what 2x current - if and when that happens. The charts are clear on that. If silver doesn't go up two things may happen AXU runs out of capital or they look to raise more. The fact that they are sitting on a mountain of silver and now starting another large drilling program on which even more capital is being spent makes me wonder. Mine, process and ship what they have and get some net revenue on the books, lots of time to get the rigs in and pay with future capital.
Yes there was a global pandemic
There is now have a supply chain issue
There is a skilled labour shortage (probably some of it due to O&G situation), so offer an increase in salary and benefits.
We have issues with large exchanges?
We have large corporations investing, why not, it's OPM?
But comments being deleted by "shareholders" of their own comments really gives one pause as to what is really going on here.