Old API Wind-down Ltd - Ordinary Shares ARLZQ

RE: Anybody out there?

[eebler]

They still have some production issues to resolve and they say that even though they are going to be processing a high-grade area that they could not get to in 2007, they will be averaging lower grades at Casa B for this coming year so they expect higher cash costs. There is alot of good stuff to consider that could really help: - they reported avg gold price of $679/oz US for 2007 to-date results whereas the price will be higher for 2008 - they also have the drill activity going at Casa which shows "All holes have confirmed the discovery of a new, steeply dipping gold system, which remains open along the eastern edge and to depth". I don't believe they have published any estimate updates based on this activity but they do note a report is being prepared. - gaining First Nation and govt approval for drill access at the Kipiwa gold/uranium project still seems to be outstanding (?)and would be great news because they reported gold grades of up to 100g/ton, and the uranium/rare-earth elements are an interesting bonus if they prove to be economical. In a way, it might be a blessing that they haven't been releasing positive news into a negative market. I'd rather stay in this range and buy on dips in hopes that they get to release important updates when it is already moving up by itself. If we can get past resistance around $4.25-$4.40 without stumbling, it should be set for a good run.