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SOUTHPEN

03/10/10 12:53 PM

#512 RE: buckster71 #511

On a happier note I would like to point out that The new Apollo gold has very valuble properties.,With the price of gold to settle in above 1500 in the future I believe 50 million in debt will be paid off sooner than expected. Only a portion is hedged at around 900.00.Also the properties are all worth cash and when you have too many you can make JV with others which will limit our companies involvement ,financialy.Its a good time to buy ,get ready for consolidation.They should do about 1 for 4 making a very good number for a small producer .At that point I see this stock at 5 dollars and above,imho ,southpen

NMState94

03/12/10 7:21 AM

#513 RE: buckster71 #511

Yea, the short trerm dilution will be absorbed by the merger (LRR). It appears any dilution created seems small in the large pcture. Chna has been gettng in on a few Canadian gold stocks. I wonder if they're looking at this.