AXM 0.00% 1.1¢ apex minerals nl

its time folks , page-3

  1. 17 Posts.
    September and October production and cash costs figures have allready been released to the market. Directors at AGM suggested November would see a continuance of the improvement to date. Hopefuly December also.
    Company has advised it now aims to consolidate cash position before commiting further to exploration and development of Wilsons. This is prudent to provide a buffer to cover any unforseen disasters.
    Mining underground from several stope blocks through two portals also reduces risk.
    The major shareholders have remained loyal and must see potential to hold their positions.
    I can see the SP creep back to 3 or 4 cents by end January. If the next quarterly shows the past 2 quarterly improvements and a reasonable cash position then the brokers may rerate this produced to give SP a speculative boost.
    I continue to hold in anticipation of a stronger future.
    DYOR
 
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