Australian (ASX) Stock Market Forum

AXT - Argo Exploration

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AXT's been pretty quietly lately. Pulled back to .50 this morning. Doesn't seem to be too much interest in the one. I'm looking at topping up @ .50 or just under if I can.
Anyone else in or watching this? I'd love to hear more thoughts on it.
 
I hold.

Will be holding untill I know the drill results. The volume being traded is insignificant at the moment.

If you look at the charts... the smart money got set on open and just recently.....

They are the only two volume spikes... the rest have been insignificant trading volume.

Does this tell you something??

No one knows much about this company.

The people involved will get very rich.

Word of advice with AXT.

If the stock runs on news on high volume... positive announcement coming.

If it falls on high volume with no news..... negative announcement coming.

Weigh it up...

If you look back, you will see there are leaks in the AXT ship.
 
As many people know AXT I have followed from the beginning.

A lot was hinging on the 2nd drill results.

According to my resources it is not looking good on the 2nd hole.

The copper intersects appear to be low grade only and not economic.

The stock has been in a downward trend since 70 cents.

I have jumped ship.

Would not be surprised to see it continue in the same fashion as VMS which is now sub 20 cents.


Where to for AXT not sure.

I am out.

regards

ken
 
When do you think we might hear an ANN from the company regarding this news Ken? Is the 2nd hole finished or still in progress? Any info would be appreciated!
 
Not sure,

Just acting on information i have been told close to the source.

The nearolgy of a lot of these start up companies seems to failing.

Could be wrong.

The deep drilling they were doing similar to MOX was always going to have some luck.
 
Confirmation that AXT is in a downward trend, this will continue until such time as a company changing event takes place.
 

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anyone watching this? trading halt requested this morning....

are we waiting on any news??

fat prophets still have a buy recommendation sitting on them.
 
my mail is that it is going to be positive.

I cant see any capital raising taking place.

I think capital raising is only going to take place after this thing rockets.

Up 21% on no news.

crooks are all over this i think.

my humble prediction.

market depth on sell side disappears and we open well up on 40 cents.

Its looked fishy for a while. big buy orders coming in when it looks weak.

very few opportunities to get a big stake in AXT below 40 cents.

i was trying to load up around 30-34 cents but there were just no sellers.

all find out wednesday
 
I'm still in.
Going by the increase yesterday, one would have to think it'll be positive.
If you look back the last few days the volume has been increasing and as Ken notes this one seems to be pretty leaky.
 
Trading halt was to end today and now the shares have been suspended from quotation until the company releases ann.
How long can these suspensions last?
 
Guys,


complete novice and I apologise for posting a dumb question but i need to know this. Is this common - suspending prices like this and will this be a positive thing and if/when it resumes does it go back to that price or whatever the market dictates.

I have got nothing but holes in my pockets from dabbling in something that I have no idea about !


Parraboy
 
Have a look back at the last day of trading. It went up 20 -　23%.　Looked like someone knew something, so that makes me think we'll see positive news. (I hope!)
 
parraboy

Suspensions can last a long time.

GGG suspension earlier in the year went for a number of months.


FWIW, I read on another forum that the AXT suspension would be over soon.
 
BLING BLING

My source has told me the crooks are all over this.

So whatever that means.


We are speculative.

I am not giving out price targets.

But I am happy to hold during this period.

I bought again at 30 cents on the pullback.
 
I didnt think I would get this opportunity to buy into AXT again.

The capital raising is a blessing. More liquidity for this thinly traded stock.

I got hit today at 30 cents where I have had my buy order waiting since the capital raising.

From here?

AXT has funding for extra drilling. Now common sense tells me that $2 million wouldnt have neem raising if the drilling was not going to be of prospective.

I think the drill results so far have been good.

Since the MOX drill results no one has been able to sure of a good deposit in the region, but we are coming to the time where the south australian copper belt will get as much press as iron ore.

I guess its a matter of placing your bets. I am backing AXT over the others.

Good luck.

Do your own research.

If it smells like something is brewing there probably is something.
 
Just an update on AXT -

A few million bux raised at 30 cents.

Drilling to start in january.

They have a 3km radius circle that they are drilling.

10 more holes to drill.

2 holes drilled so far. Encouraging results.

Olympic damn took a lot holes to drill before the sized up a resouce.

So not all is lost.

We know speculation is about this sector.

So whilst there is no news I expect it to be very boring. The impatient will most likely get out whilst theres no action.

I am prediction south on low volume, with a couple of spikes where punters are staking their bets.

Very similar to VMS in the way it has raised capital at 30 cents.

This is a hold untill the 10 holes are drilled so could be 12 months could be 18 months.

Not a get rich quick stock. Theres a plan from management so I guess we place our investments now with the risk/reward in front of us.

Small market cap. Any success in the drilling and shareholders are rewarded due to the leverage.

They seem well funded now.

Not much news from South Australian copper belt.
 
For those who care,

AXT now has a 200,000 + sell order at 30 cents.

How do we take this?

Is it a capper who wants to keep the stalk down, or is it someone who wants out.

I would presume that if someone wanted out of a stock they wouldnt sit there sell order there, they would slowly be picking off the screen buyers....

Maybe they are trying to keep the stock in a certain trading range before the drilling starts in 2007.

This is the first time I have noticed this with AXT....


I follow it daily. Its a lightly traded stock but there are people sitting on decent losses so maybe some tax loss selling, before they need to get set for the drilling program.

Or maybe its a dud and I should sell up and move on...

Still holding since float after trading a few times here or there.
 
the 200k sell order at 30 cent disappeared in afternoon trade today.

I have been doing some charting on this one, and i am amature, but there looks to be the possibility that we may see a little spike back to 30 cents possibly. with the capital raising i see no reason for it go over it on no news.

On another note i have gone through the susbtancial holdings since floating, and the majority of holders have doubled there stack or at least added to it.

Now i am no expert but you would presume that the top 20 shareholders have a lot more of an idea what is going on than the everyday blow joe who is selling small orders.


Interesting to note that in the annual report 80 % of the stock was controlled by shareholders with a stake of 100,000 shares or more.

17% of the stock was controlled by thoses with 10,000 shares to 100,000 shares.

In total there were 731 shareholders.

THE SHARE PRICE WEAKNESS OF LATE could be due to 500,000 shares being led out of escrow. during the september and october months.

I have definatley seen an increase in the number of 100,000 plus sell orders on market, but also an increase in the number 100,000 + buy orders on the market.

I expect once these escrowed shares are absorbed by the big players, then we may see a similar market depth to previous where the sell side thins out a little.

I have seen no panic selling on this stock of late.

350,000 is now the 20th biggest shareholder. maybe a little out of my reach now unless it drops below 20 cents. unlikely.

I am very keen to see how the 2008 year pans out.
 
OK enought guess work from me.

I took the time out to go the AGM on the 27th of november,

If anyone is interested to here what Dr Hugh Herbert has to say send me a PM.

Happy to let anyone know how it went.

What I have to say probly not fit for open forum as it is forward looking and probly not allowed.

Overall I am very impressed with DR Hugh Herbert as director. He definatley gave an indepth discussion about where the company is, why it is there, and where it is heading.

As a beginner in this I learnt more in 1 and 1/2 hours than i have from all my research on how copper discoveries are found, and iron oxide systems, etc.

Very interesting, would have been happy to fork over $100 for the time there.

But I own a lot of shares so they owe me....

Anyways

Take it easy.

AXT definatley worth putting on the watch list in 2008.
 

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