AXM 0.00% 1.1¢ apex minerals nl

quarterly out, page-2

  1. 3,664 Posts.
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    Not that good.
    Cash from sale of gold was $18.6M
    And expenses for production,exploration,development and administration was $28.7M.
    A loss of $10.1M for the quarter. The sale of gidgee has kept them alive. Capital raising paid for GUPS and a few other things.
    I'm still trying to work out how they get a cash operating cost of $1044 per ounce of gold sold.

    I can also see why Apex are in peace negotions with Atlas Copco sounds like their fleet of machinery is on its last legs, plus the $6M they are seeking in compensation.
 
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