Ki
Vic,I feel for you mate the fact that you sold psy early on to invest in this stock is heart wrenching especially since psy has been such a standout performer. I wish I would have invested my hard earned dollars in that rather than Apollo at the moment. Another thing Derek mentioned to me was that they have only been exploring the titan area for less than three years because the ban to mine on the Woomera Prohibited Area was lifted in 2011, he also mentioned the fact that the land is very fertile and bugger companies such as BHP and RIO drill much bigger holes compared to the smaller companies.
I think overall the bundi area was given too much publicity and amidst the hype it's lack of performance is affecting the share price. We all invested in this stock given the potential it was bearing at the time however I think to achieve incredible results in the first round of drillings for any explorer is almost a one in a million chance. Having said that Derek has mentioned to me that Apollo has completed almost 4000m of drilling.
They first started drilling at Arcacia east but were not lucky enough even though they had located an em conductor. I guess its hard out there for the exploration sector in general hence why the last big discovery of Sirius was two years ago. I just hope for everyone's sake we get the results because people seem to be panicking most about this once the results are out of the way and yes we all understand the results are average to even below average however this will prepare Apollo for the second set of drillings. I hope these guys hit large percentages of copper as Derek said so himself copper is the biggest indicator of large deposits and deposits of other types that are associated with copper.
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