Ann: December 2010 Quarterly Report , page-25

Gosilversovereign,
Cash on hand only increased due to Apex selling its Aphrodite shareholding $1m, if they had't they would only have $8k in the bank.
I think whats hurt Apex the last 2 days was when on the 17th December they released to the market that they had reduced cash operating costs by 30% at $871 an oz. I like many others expected alot more money in the bank. I have to agree with Gself and maybe Apex should be abit more straight forward to its shareholders. They owe their shareholders honesty because they have bailed Apex out a few times with capital raisings and kept Debit in a well paying job.