I have had a chat with Jeremy Robinson of Apex this afternoon.
The main points arising from the discussion are:
1) Minning and Production - whilst the last few months have been difficult, there are no major problem that warrant an ann to the market.
2) The sub-underwriters who picked up the 30mil share shortfall are Baker and Legend. [both are likely not selling]
3) There is presently a lot of negative rumors going around about problems Apex maybe experiencing and Apex is considering making an ann to the market (in the next few days).
AXM Price at posting:
10.1¢ Sentiment: None Disclosure: Held
