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clock Created with Sketch. 15/08/23
08:20
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Originally posted by bungalowbill
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I learned my lesson in the year 2000, when Apex mining collapsed , even though it was run by an MD held in high regard by the market . I put $500 at point 8 of a cent in here, & it was downhill from there. I didn't double up, rather I sat back and watched a Sunami of share issues. I have lost big money many times before on other stocks. Quickly i saw a pattern emerging in the way this company raised capital to the detriment of existing holders. If you look at it now, even though it looks like a mining company, they still don't mine gold, so how could we assess if it's potentially a viable concern?
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Ah yes who can forget Apex Minerals and their Accountant CEO Mark Ashley and their frivilous attempts to get the Wiluna Gold Mine up and running despite it being low grade.....and it traded insolvent for almost two years before going into liquidation
(20min delay)