Translation: You're down $49k out of your original $50k investment and for the last 2 years you've been watching your money dwindle away as Apex bleed money quarter after quarter.
Great job in picking out the value in Apex at ~16c, Alterior! I wish I had the insight and foresight you did! How long have you been saying/thinking Apex are going to turn the corner for?
You need a 1600% rise just to break even. That's a ~$500 million market cap which would mean a net profit of about $50 million a year. That means they need to be pouring 250oz. of gold per day as of TODAY and to do that day in day out for 365 days and keep production costs at $900/oz or less.
Make no mistake buddy, it is NOW SINK OR SWIM! No profit this qtr means they are done! They have no cash left in the bank after they use their last $1 million.
You have no grip on reality mate, your investment has been skewed by your emotions and is not based on any real facts... you're obviously a half-full glass person, but you're just as bad as the person who nervously sits on the sidelines NEVER buying. Actually, you're probably worse because the person who never buys can't lose any money.
Realistically, Apex are a long shot... I hold, but I've invested (or gambled) $2, 000 worth of my money. I'm fully prepared to lose all my money and I will be able to sleep at night if that happens. I would never sink more than a MAXIMUM of 1-2% of total money into this as to say it's very high risk is an understatement.
I think Apex MIGHT just be able to get over the line with the high price of gold..
AXM Price at posting:
0.9¢ Sentiment: Hold Disclosure: Held