apex the most undervalued goldy on the asx, page-9

Hi davo,

For your info only:

In terms of taxation, I don¡¯t think AXM will make a big loss this year as they are restricted on what they can write off and what they can¡¯t. In terms of accounting, if I were the CEO, I would rather write off everything that I can to clean up the books so AXM will have a fresh year ahead. 2008/2009 is just too bad for the sp, investors will get tired if the sp keeps going on like this. Just my 2 cents.

Regards,
TT