AXM 0.00% 1.1¢ apex minerals nl

what a dog of a company, page-43

  1. 36 Posts.
    asf
    You said, "I may be wrong, but for new entrants, there is not further to fall for this one"

    Bah hah hah
    Yes asf you may be wrong. They have unfunded liabilities which are unwritten off by accountants, normally honest types, Apex has rarely kept a senior accountant for one year.

    They have probably not done audited accounts, because they have not been able to pay auditors.

    One area in the site I knew of was the plant. I heard they took a $100 000 capital item out of stores and used it in the plant and kept it on the books as an asset. I knew they talked about "gold in circuit" which is there, but it has to stay there in a flow through process. If you drag some of it out to pay this months bills, you will have to top it up next month. They will also have to build a tails dam sometime, unfunded $ millions. Powerhouse maintenance, not paying wages, not paying super. asf there is further for this stock to fall. I left the site quite a long time ago and they are only now catching up with my super payments. No investors should put any money near it in my opinion, DYO research
 
watchlist Created with Sketch. Add AXM (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.