announcement out, page-6

Went back for another look at the hedging announcement of last week after the fall in gold on Friday night.

Managament is obviously pretty happy to operate with gold in the 950-1150AUD/oz range, so the 1320 AUD current price still has plenty of room to fall.

I don't think much can be made of any gold share price at the moment, but expect another dip on Monday.

Hopefully by the end of the year things have settled and Apex's true value will be recognised.