AXM 0.00% 1.1¢ apex minerals nl

Let me draw a picture for you dognuts, because I shouldnt have...

  1. 1,625 Posts.
    Let me draw a picture for you dognuts, because I shouldnt have to set it out for everyone every time I post...

    Lets look at SOG and SBM should we...amazingly, less than 2 years after Ed (as a consultant) walked away from SOG, he comes back as the CEO of SBM...purchases the SOG assets for a STEAL, ie: $40 mill...and those assets are now worth what? Given Gwalia alone is producing 100k per annum at a cash cost of about $890...it is churning out some $76 mill profit per annum...and has a mine life of at least 10 years...I dont know...$800 million?

    AND, my point is, Ed ALSO helped Jo Gutnick run Great Central Mines when it owned the Wiluna gold operation more than a decade ago...hmm...wonder if he knows where the Gold is?.

    Ah Hah...research....amazing isnt it....therefore, will Ed do the same to AXM...and for the slow....will he do an SBM (purchase for $40 mill and "turn" into $800 mill) on AXM (purchase $16 mill...turn into $800 mill??)

    Only time will tell.

 
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