gents, can't agree more apex has been on the block for some time. There may be a bit of cash for both if BLK start moving tailings thru the Wiluna mill as a precursor for something more.
That would involve BLK helping it's maybe future target.
The reality is neither company has the cash to have a go at the other and now consolidation options are spread across two minor companies.
I foresee maybe one digger and two/three trucks picking up what they can and delivering it to Wiluna to get a bit of cash for both companies.
I don't see that being processed until there's $2m free cash from the pile to be processed for black,because that's around what they have to pay the day of the first pour.
It may also never happen.
DYOR+DYODD
AXM Price at posting:
0.5¢ Sentiment: None Disclosure: Held