AXM 0.00% 1.1¢ apex minerals nl

Hard to figure what the strategy is exactly with the 23c...

  1. 356 Posts.
    Hard to figure what the strategy is exactly with the 23c selling. If they are trying to scare people lower and accumulate it failed miserably today as whatever was offered for 23 cents kept being taken up all day until the last few minutes

    It was only in the 10 min auction after 4 close that they sold down just enough to make sure it finished on the low of the day.

    With gold pour imminent and a initial production of 15,000 oz per MONTH ... even at todays depreesed gold price of $723 x 1.51 = over $1000oz per ounce.

    With an estimated profit of between 500 -600 per oz thats somewhere around $8 mil profit per month before tax.



    So hard to figure whats behind this silly selling.
 
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