You are correct, i don't know if it is true because the company can not be trusted to tell the wider market when things have gone wrong.
In the past we have had constant price erosion and the company saying nothing is wrong, everything is on track. Then we get a quarterly come out and we read oh by the we had a few seismic events and we are only able to run the plant at half capacity.
Whoops forgot to mention we had a generator break down.
Whoops forgot to mention we cant keep the plant fed with enough ore.
These things would not be so bad if they had plenty of cash on hand and cash costs were OK, but at the end of the day these problems are price sensitive for Apex in its current shape and should be flagged to the market when they happen, then we can make our decisions on what to do, instead we get a lot of insiders bailing out and driving the price down while we get told everything is fine don't worry.
AXM Price at posting:
2.4¢ Sentiment: None Disclosure: Held
