great to see the transperancy of company and management in the...

  1. 4,326 Posts.
    great to see the transperancy of company and management in the half yearly report. no fudged figures and plenty of info.


    this is why i like this company. management are dealmakers. we knew that already but take a look at this as highlighted in this report.

    wiluna. will have paid just over 31mil all up. of that it was pretty much half plant/inventory half for the potential of tenament.

    gidgee (wilsons). paid just over 12mil all up. 90% being for the tenament.

    that has so far given us a 1mil oz resource worth before costs around 1 billion dollars. no matter how you calculate the costs (companies saying 550oz) theres a LOT of profit in there.
    These were great deals that kick started this company (especially wiluna, obviously central due to the plant but we got over $1 per share value with the issue)

    gotta put a smile on your friday dial... go Apex!


    DYOR because every day i'm gettin a little more biased ;)



    happy weekend all!
 
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