fitnfam, I don't know if you read what I wrote, AXM is losing money on every oz they produce, every month. They do not account capital expenditure as cash costs as they put it "somewhere else" on their accounting spreadsheets. Apex Minerals actually loses money every month even at the current gold price. Even if they were making a BIT of money, they should be putting some aside for an unfunded tailings dam needed next year, paying their suppliers and paying their staff unfunded superannuation liabilities. I also heard they did not pay the tax (payroll tax) to ATO one month this year and were negotiating to pay it out of future GST refunds, one step at a time this mine is falling into a black hole. WILUNA = Will It Last Until Next August. Do not touch this stock with a barge pole.
AXM Price at posting:
0.7¢ Sentiment: Sell Disclosure: Not Held
