new substantial shareholder, page-24

Mate

First you say no "astute" investor would touch this, then you've changed it to: the fact that several (international) astute investors are on the register is totally irrelevant...!

Which one is it?

But, regardless of these semantics, the fact remains that with a falling $AU, and a rising POG, high cost AU producers have the best leverage to the current gold bull market...

As such, the perfect storm could be developing for APEX...And, I would suggest, that this is the reason why several "astute investors" are continuing to take major positions in APEX in recent weeks/months...

Put another way, at these gold prices in AU terms, even if Apex gold production figures are reflective of past performance under current management, this could easily be a 5-10 cent company, depending where the POG settles...

If productions figures were to actually improve significantly, which I agree is a big if, then 10-20 cents would be a reasonable expectation for this company IMO...

DYOR