Ann: December 2010 Quarterly Report , page-18

The share price is now plummeting back in true Apex fashion, i don't care if debit works there, he can tell us how much they are finding, the fact is all the gold in the world wont help if they cant liberate is from the refractory ore. Free milling ore is what has lowered the cash cost but they are still at 80,000 ounces and the free milling ore will be almost gone soon.

History shows that when a mine cant ramp up to its proper output in the first 12 months then they are usually doomed.

I don't deny that Ashley is a tenacious bugger, but he has also been a liar and has been very deceptive. the company has never been straight up with its shareholders, all you need do i go back to some of the very early releases and match them against what we now know to be true and the lies are like a large red boil on a white bum.

the market very rarely gets it wrong for this long, Apex share price is a reflection of the reality at the mine, not what debits reality is.