First off, I want to make clear that I’m long $AXU and I still have faith in their long-term prospects. I plan to stay long $AXU.
However, yesterday’s performance on the heels of the announcement have me concerned. A few months ago, I was reasonably comfortable with them having a firm course for financing their way through this dreadful PM market until the Ag price was more viable. Now, I’m at that 50/50 point of confidence. What do you all make of this latest?

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