Looking through the annual report I came across this which was not reported to the exchange at the time. I would have thought that drilling on a tenement was price sensitive and had to be reported.
"Apex accepted a proposal from a private prospecting group to test several untested anomalies for
a 20% interest in the project which Apex could buy back on predetermined terms. The prospectors
drilled 60 shallow RAB holes for a combined 2,060 metres but again no particularly encouraging
results were obtained. No further work by Apex is planned at Paynesville."
Who would have made a killing if something had been found????
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