i thought that 6 months ago about APEX.Just after CB talked of growing ounces and resources and mentioned consolidation within the industry.
CB yes,well he surprised me with CRE and everyone else. Too good a deal not to take-that one. just as i thought aam might have been in the gun for its plant once CRE takeover was announced for maybe $10m to get another 70koz extra happening faster.With the plant targeted for summit. Hope Stone chokes on that one.
Yes,it had crossed my thoughts,if the gold price keeps getting so high,then they could use the loss within a coupla years and probably the mobile plant straight away.
With sensible technical/management and cash input-maybe get the existing plant producing profitably instead. Again,it's not enough volume of ore and lack of plant and personnel to make it happen here and tight cash. The chicken -or the egg.
Still there's tenements in admin around laverton as at april 2011 up for grabs maybe for fml/cre for next to nix. Another run out of money story there.
DYOR-current thoughts from a man with the flu-hillucinating?
AXM Price at posting:
1.1¢ Sentiment: Buy Disclosure: Held
