AXM 0.00% 1.1¢ apex minerals nl

The number of shares outstanding is a major problem now as the...

  1. 244 Posts.
    The number of shares outstanding is a major problem now as the supply is so large demand is easily overwhelmed. Whenever there seems to be a bit of movement it gets hammered back down with multimillion share sells. They will need to clear about $35m to make 0.5c/share by my reckoning. Assuming a p/e of 8, that will put them at 4c. They will have to do a lot right to go from where they are now to making $35m + but am hoping they do as I have quite a few. GL.
 
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Currently unlisted public company.

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