agm soon, page-7

Anomoly,

i can gaurantee that the slide has been due to LEG holders offloading shares. not pointing the finger at you if you are still holding, your one of the smart ones. Sure there will be accumulators who have taken advantage of this and are probably trying to trick LEG holders into taking a dollar while they can. But all in all AXM is not a daytraders stock, the share capital is very tightly held.

The management of Apex isn't just good, IMO they are some of the best in the business, these guys are highly rated by their peers, not just shareholders, they are proven company makers Forrestania, LionOre, Kagara Zinc, Jubilee. I couldn't ask for a better team running this company.

The fact they are not currently producer status is only a technicality, they have the gold, they have the plant and anytime they want to switch on they will. My understanding is that they are interested in first boosting up the reserves, hence five drill rigs at gidgee.

I also point to FMG and the fact they are not a producer and have been able to sustain their share price.

I have no doubt SP was propped during share issue to Legend, Goldcrest and Oxiana. As an Apex shareholder i obvioulsy have no problem with this and i wouldn't say it was over-inflated though, from memory i think it went up 10c.

I don't think there are huge expectations on the company or the directors. I think there is enormous excitement at the possibilities and also a great deal of faith in the fact that the directors have chosen out a bit of a niche in refractory gold and have the knowledge, connections and systems to be able to make it work.

I also don't think the market is weak, it is definately cautious and shaky, but the gold market IMO is starting to hit the spotlight and i, like may other believe we are not too far from see $1000oz. IMO, when that comes Apex will be well positioned to take advantage of it.

So yeah it is still a specy but i would say its one of the safest (if you can use that word in the stockmarket game)specy out there.

I wish LEG holders all the best and personally believe they would be better off holding the shares for atleast another 6 months as IMO they will be worth twice as much.


only my opinion. cheers.
Davo