drbubb Posted July 3, 2023 Author Report Share Posted July 3, 2023 UPDATE, DEC... APX is getting some help from rising UGL/ Gold PX vs APX: APX / PX : Prem.?= Ratio: ========= : UGL : apx% 12.12.23: 2.88 / 2.96: (0.08)= 97.3% ( - 2.7% disc.): 59.25: 4.86% 11.06.23: 2.65 / 2.87: (0.22)= 92.3% ( - 7.7% disc.): 60.61: 4.37% *11.03 ugl 9.13.23 : 2.50 / 2.75: (0.25)= 90.9% ( - 9.1% disc.): 56.46: 4.43% 7.27.23 : 3.04 / 2.97: +0.07 = 102.4% (+2.4% prem) 59.36: 5.12% 7.03.23: 2.42 / 2.79 : (0.37)= 86.7% (-13.3% disc): 58.42: 4.14% 5.04.23: 3.20 / 3.05: +0.15 = 104.9% (+4.9% prem) 67.47: 4.74% APX since 2015: 2020: Last: P 2.87 GLD - semi-annual: from 2022: Last: 177.30 : APX: 2.50, is 4.42% of UGL (56.53) === APX vs PX : 2.42 +0.06 / 2.79 +0.07... (0.37 under) = Ratio: 86.7% ===: APX : PX : prem.: Ratio : disc. 4.26: 2.90 : 3.19 : (0.29): 90.9%: - 9.09% 4.27: 2.84 : 3.17 : (0.33): 89.6%: - 10.4% 4.28: 2.99 : 3.11 : (0.12) : 96.1 %: - 3.86% 5.02: 2.89 : 2.90: (0.01): 99.7%: - 0.34% 5.03: 3.05 : 2.98: + 0.07 : 102.3% +2.35% 5.04: 3.20 : 3.05: + 0.15 : 104.9% +4.92% 5.05: 3.07 : 3.10 : (0.03) : 99.0%: - 0.97%: . . . 7.03: 2.42 : 2.78 : (0.36) : 87.1 %: - 12.9%: 7.04: 2.48 : 2.80 : (0.32) : 88.6%: - 11.4%: 7.05: 2.48 : 2.73 : (0.25) : 90.8%: - 9.20%: 7.06: 2.52 : 2.79 : (0.27) : 90.3%: - 9.70%: Fri. : 2.60 : 2.77 : ( 0.17) : 93.9%: - 6.10%: July 7th Update: PX > APX PAIRS Trade... Swap from PX (2.77, -0.02) > APX (2.59, +0.07) is starting to bear fruit! Moved from APX at 87.1% > 93.5% of PX I used the Pairs-trade swap from PX into APX (last week and at the beginning of this week), as a low-risk way to trade out what seemed like a bad foray into PX stock. Now it APX rises back to a premium, I will have a decent profit out of a possible mistake Link to comment Share on other sites More sharing options...
drbubb Posted August 3, 2023 Author Report Share Posted August 3, 2023 APX down... from recent High at 3.05, Yr.H at 3.27: Tuesday 8.02 drop on heavy volume. 20.35M 8.07 : APX ( 2.72 +0.02) - PX ( 2.84 +0.02) : 0.12 discount for APX 8.02 : APX ( 2.74 - 0.20) - PX ( 2.88 -0.11 ) : 0.14 discount APX down as US Debt downgrade to AA+ delivers higher rates, lower gold. Link to comment Share on other sites More sharing options...
drbubb Posted September 13, 2023 Author Report Share Posted September 13, 2023 APX - Apex Mining Company, Inc. C06339: Apex Mining press release - 1 "Better by 19% versus 1H 2022" APEX MINING 1H 2023 GROSS REVENUES HIT P5.7B The consolidated gross revenues of Apex Mining Co., Inc. and its subsidiaries in the first half of 2023 reached P5.7 billion —19% higher than the P4.8 billion it reported for the same period in 2022. Meanwhile, the consolidated net income in 1H 2023 was P1.4 billion (P168 million lower versus 1H of 2022). For 1H 2023, Apex Mining's Maco Mine operations milled a total of 378,564 tonnes — 3.0% lower than the same period in 2022. Quarter on quarter, the tonnes milled in the second quarter of 2023 is 7% higher. The second quarter's ounces of gold produced is also 11% higher than the first quarter. Moreover, 2Q Au and Ag ounces sold are 17% and 19% higher, respectively, versus Q1. In Q1 2023, the company encountered many challenges, including an earthquake swarm as well as prolonged and heavy rainfall and landslides, that led to intermittent work stoppages for risk assessments and safety checks. All these disruptions totaled 5.74 workdays. Despite these disruptions, gold recovery was at 87.34% — practically the same in the same period in 2022 (87.78%). Silver recovery rate was slightly lower at 72.14% against last year's 75.77%. The higher average realized gold price of $1,953/oz during the year (versus $1,901/oz in 2022) pushed the revenues up by 19% in 1H of 2023. Ore gold grades averaged 1% lower at 3.93 grams per tonne compared to the 1H of 2022 at 3.95 grams of gold per tonne. Based on the Mine Reserves and Resource Certifications of 2021, Apex Mining's Maco Mine has enough reserves and resources to continue at the targeted production rate of 3,000 tonnes per day until 2032. The ongoing exploration program for MPSA 225 and the acquisition of the Asia-Alliance Mining Resources Corp. assures Apex Mining of future gold resources as the extensions of existing mining veins in Maco Mine spill over to the tenements of AAMRC. Link to comment Share on other sites More sharing options...
drbubb Posted September 13, 2023 Author Report Share Posted September 13, 2023 PX vs APX: APX / PX : Prem.?= Ratio: ========= : UGL : apx% 11.06.23: 2.65 / 2.87: (0.22)= 92.3% ( - 7.7% disc.): 60.61: 4.37% *11.03 ugl 9.13.23 : 2.50 / 2.75: (0.25)= 90.9% ( - 9.1% disc.): 56.46: 4.43% 7.27.23 : 3.04 / 2.97: +0.07 = 102.4% (+2.4% prem) 59.36: 5.12% 7.03.23: 2.42 / 2.79 : (0.37)= 86.7% (-13.3% disc): 58.42: 4.14% 5.04.23: 3.20 / 3.05: +0.15 = 104.9% (+4.9% prem) 67.47: 4.74% GLD - semi-annual : from2022: Last: 177.30 : APX: 2.50, is 4.42% of UGL (56.53) === Link to comment Share on other sites More sharing options...
drbubb Posted September 20, 2023 Author Report Share Posted September 20, 2023 APEX in recovery mode? APX: 2.57 +0.04, 57.64: 22.42x, CHEAP if >22x PX vs APX: 9.20: 2.57 / 2.75: (0.18)= R: 93.5% (- 6.5%) UGL: 57.78, 22.48x Beg. 5.02: RvYtd: Date : APX / PX : Prem= Ratio disc/prem: UGL : x APX : at 22.x or higher, APX is cheap! 9.20.23: 2.57 / 2.75: (0.18) = 93.5% ( -6.5%): 57.64: 22.42x 9.13.23: 2.50 / 2.75: (0.25) = 90.9% ( -9.1%): 56.46: 22.58x 8.31.23: 2.73 / 2.80: (0.07) = 97.5% ( -2.5%): 58.47: 21.41x 7.31.23: 2.93 / 2.95: (0.02) = 99.3% ( -0.7%): 60.58: 20.68x 6.30.23 2.36 / 2.72: (0.36)= 86.8% (-13.2%) 58.24: 24.68x Link to comment Share on other sites More sharing options...
drbubb Posted September 29, 2023 Author Report Share Posted September 29, 2023 APX-etc: 2.37 / 53.76 (22.68x)= 4.41%, 90.1% of PX: 2.63, discount: 0.26 === Link to comment Share on other sites More sharing options...
drbubb Posted October 8, 2023 Author Report Share Posted October 8, 2023 APX is Riding with UGL (2x Gold) APX (2.28) vs PX (2.70) : 0.42 discount, 84.4%. / UGL (51.45) = 4.43% Link to comment Share on other sites More sharing options...
drbubb Posted October 11, 2023 Author Report Share Posted October 11, 2023 Update, Nov.6th : APX is doing some catch-up: 2.65 +0.06, +2.62% / UGL: $60.61= 4.37% 10d: PX vs APX: APX / PX : Prem.?= Ratio: ========= : UGL : apx% 11.06.23: 2.65 / 2.87: (0.22)= 92.3% ( - 7.7% disc.): 60.61: 4.37% *11.03 ugl 9.13.23 : 2.50 / 2.75: (0.25)= 90.9% ( - 9.1% disc.): 56.46: 4.43% 7.27.23 : 3.04 / 2.97: +0.07 = 102.4% (+2.4% prem) 59.36: 5.12% 7.03.23: 2.42 / 2.79 : (0.37)= 86.7% (-13.3% disc): 58.42: 4.14% 5.04.23: 3.20 / 3.05: +0.15 = 104.9% (+4.9% prem) 67.47: 4.74% APX's GAP up filled (or mostly filled) on volatile Wednesday. GAP is from P2.32 APX vs. UGL, 2x Gold: O:2.50, H:2.52, L:2.36, cl.: 2.45, Unch., /UGL ($53.19)= 4.61% 10d: Link to comment Share on other sites More sharing options...
webmaster Posted November 6, 2023 Report Share Posted November 6, 2023 MARC Ventures rose to 882d / 3.5 year MA MARC: Ytd: 10d / Last: P1.13, O:1.06. H: 1.15, L:1.06, vol. 5.75 M, Range: 0.66 to 1.45 Link to comment Share on other sites More sharing options...
webmaster Posted November 14, 2023 Report Share Posted November 14, 2023 "Record quarterly income for APX. First time they reached PHP 1 billion in a quarter" ===== : 2021 : 2022 : 9mo’22 : 9mo’23 : Q4.est: 2023.E Revs. : 7.41B: 10.31B: 7.5 B : 8.7 B : x pct. : 10.8%: 32.4% 32.4% 33.0%E Net Inc.: 803M: 3.34B: 2.43Be 2.87Be : 1056M: 3.93B X pct. : 89.5%: 89.5% x 89.5%: x89.5% : x89.5% Earns.? : 719.M: 2.99B: 2.17Be 2.57Be : 945M: E.P.S. : 0.1154: 0.48 : 0.349 : 0.412e : 0.152 : 0.564e Divs. : 0.00 : .0106 : .0106 : 0.053 : % EPS : n/a : 2.0% : 3.1% : 12.9% : Policy=10%* Sh. OS : 6.23B: 6.23B: Last: P2.62 / PER-4.68= P0.56. Div 0.053= 2.02% *Apex Mining Co. Inc. announced a new dividend policy entailing a cash dividend in an amount equivalent to 10 percent of its net income based on its consolidated audited financial statement for each year. The dividend policy comes with a proviso that there is sufficient unrestricted retained earnings to cover the cash dividends. Update: UGL (2x Gold) was us about 1.7% yesterday on the positive CPI news. That would be 2.58 for APX (2.54 x1.0168,+0.04) would be a reflection of earnings news. APX-PX : 2.54 - 2.80= (0.26): 90.7%. UGL-blue: / 57.69= 4.40% Previous (8.14.23) C06339: Apex Mining press release - "Better by 19% versus 1H 2022" APEX MINING 1H 2023 GROSS REVENUES HIT P5.7B The consolidated gross revenues of Apex Mining Co., Inc. and its subsidiaries in the first half of 2023 reached P5.7 billion — 19% higher than the P4.8 billion it reported for the same period in 2022. Meanwhile, the consolidated net income in 1H 2023 was P1.4 billion (P168 million lower versus 1H of 2022). For 1H 2023, Apex Mining's Maco Mine operations milled a total of 378,564 tonnes — 3.0% lower than the same period in 2022. Quarter on quarter, the tonnes milled in the second quarter of 2023 is 7% higher. The second quarter's ounces of gold produced is also 11% higher than the first quarter. Moreover, 2Q Au and Ag ounces sold are 17% and 19% higher, respectively, versus Q1. In Q1 2023, the company encountered many challenges, including an earthquake swarm as well as prolonged and heavy rainfall and landslides, that led to intermittent work stoppages fo (Updated, Nov. 14, 2023) "APEX MINING REPORTS 17% HIGHER NINE-MONTH REVENUES" The consolidated gross revenues for the nine months of 2023 (ending September 30) of Apex Mining Co., Inc. and its subsidiaries reached P8.7 billion — 17% higher than the P7.5 billion it reported for the same period in 2022. The consolidated net income, however, was lower by 6% at P2.3 billion compared to P2.5 billion as of 30 September 2022. Its Q3 2023 net income earned grew higher by P129.6 million or 14% versus the third quarter net income in 2022. Still as of 30 September, the combined operations of Apex Mining's Maco mine in Davao de Oro and the Sangilo mine in Benguet (operated by its subsidiary Itogon-Suyoc Resources) milled a total of 701,713 tonnes —2% higher than the same period in 2022. The consolidated gold ounces sold by these two operating mines for the three quarters of this year reached 77,652 (6% higher than the same period in 2022 at 73,219 ounces). The Maco mine, despite encountering many challenges in Q1 2023, maintained an 87% gold recovery rate in its Maco ore processing plant — practically the same as 2022's. The higher average realized gold price of $1,913/oz during the year (versus $1,817/oz in 2022) and favorable Philippine Peso to US Dollar exchange rate also helped push the revenues up in 2023. ISRI's Sangilo mine milled 104,270 tonnes in the first three quarters of 2023, 15% higher than the tonnes milled in the same period in 2022, at a grade of 3.51 grams per tonne of gold. Gold recovery rate was 86%. Based on the Mine Reserves and Resource Certifications of 2021, Apex Mining's Maco Mine has enough reserves and resources to continue at the targeted production rate of 3,000 tonnes per day until 2032. The ongoing exploration program for MPSA 225 and the acquisition of the Asia-Alliance Mining Resources Corp. shores up Apex Mining's future gold resources as the extensions of existing mining veins in Maco Mine spill over to the tenements of AAMRC. Link to comment Share on other sites More sharing options...
webmaster Posted December 12, 2023 Report Share Posted December 12, 2023 APX since 2015: 2020: Last: P 2.87 2020: Last: P 2.87 Link to comment Share on other sites More sharing options...
webmaster Posted January 2 Report Share Posted January 2 AB. from xx. 2022: ytd: Last: 5.07 Link to comment Share on other sites More sharing options...
webmaster Posted January 16 Report Share Posted January 16 MARC to APX, is getting cheap again MARC, shorter term: MARC (0.93) / APX (2.94)= 31.6% vs. UGL($62.55 ) 4.70% Time : Marc: APX : Ratio : UGL: A-/Ugl : Ye’22 : 1.20 : 1.85 : 64.9%: 54.78: 3.38%: 8.24- : 0.66 : 2.70: 24.4%: 57.17: 4.72%: 8.30- : 0.75 : 2.70 : 27.8%: 58.79: 4.59%: Ye’23 : 1.08 : 3.00 : 36.0%: 63.87: 4.70%: 1.16.24: 0.93 : 2.94 : 31.6%: 62.55: 4.70%: Target? 0.90 : 3.25 : 27.7%: $64? : 5.08%? MARC (0.87) slid on THU to as low as 0.86 Link to comment Share on other sites More sharing options...
webmaster Posted January 17 Report Share Posted January 17 APEX looks Ready... to Breakout above P3.25 soon APX : 2.86 -0.08, -2.72% Link to comment Share on other sites More sharing options...
webmaster Posted February 19 Report Share Posted February 19 AB / Atok-Big Wedge hits new low: 4.10 Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now