Will Apex ever make it? With a market cap ~$55m and declared JORC resource of ~2.2m ounces and no debt why is the SP floundering at 1 cent? The present operations at the minesite seem to be struggling to meet production targets with every excuse under the sun being given. "Blind Freddy" can see potential with the now cost margin of ~$350 per ounce to increase to +$500 shortly upon Promised improved operational efficiency. Many posters have bagged management and the poor results to date without offering a solution. I agree with the management critisism. Perhaps the following might spark some constructive debate. Present management have failed to deliver on so many promises and have presided over disaster after disaster. Is now the time to lobby for a change in management? I see the best outcome for existing shareholders is for a takeover by a competent operator to realise on the obvious potentials. Comments please.
AXM Price at posting:
1.0¢ Sentiment: Hold Disclosure: Held
