Apex Mining is a Philippines-listed gold miner with a project in northern Luzon. Last year a major UK-Canadian miner Crew Gold took a major stake in the company, with the intent of tripling output from 500tonnes per day of ore to 1500tpd. This is a 2 million oz resource company if I'm not mistaken, with the promise of more. The disclosure of this company, as is customary in the Philippines, is very poor, so I would pay close attention to the charts. The stock appears to have good support at $5.00, though late last year the stock fell to $4.00, so it remains to be seen if it falls back to this support. A downgrade of reserves or delays upgrading the project would surely do that in the current market. I would be a little cautious with this stock. Hold above $5.00 support. The best source of data is clearly going to be the parent company in the UK or Canada. If you would like to read more on this stock - see Google Finance or my discussion forum.-----------------------------------------
Andrew Sheldon www.sheldonthinks.com
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