With Robo and MA on the board how can you have a change of Management.
'Many posters have bagged management and the poor results to date without offering a solution.'
Their is no solution, I just don't like how management has taken shareholders for a ride.
'Will Apex ever make it?' No
'Present management have failed to deliver on so many promises and have presided over disaster after disaster.'
Thats what a few of us have,constructively pointed out to the blind shareholders.
'Is now the time to lobby for a change in management?' To late. Should have been done a few years ago. People were put into positions in 2007 and 2008 that have destroyed this company and MA acted to late. They sqaundered money in a lot of area's in 2008. eg plant upgrades, camp and underground fleet and to many consultants.
'I see the best outcome for existing shareholders is for a takeover by a competent operator to realise on the obvious potentials.' Good luck, no Australian gold mine company will touch this, to hard and high costs but Toro might want the camp and power but they will wait for the fire sale.
Remember originally they were going to have 3 mines (Wiluna,Gidgee & Youanmi) feeding the Wiluna plant for 500,000ozs a year and thats the problem not enough dirt.
They need a millon tonnes going through the plant a year.
Hopefully that has answered your questions Pete and good luck mate.
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