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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: loantech who wrote (2481)	12/3/2005 5:02:06 PM
From: aknahow	Read Replies (1) \| Respond to of 78410

Jipangu purchased the Nevada properties at a much lower price than I expected. I believe Apollo will sell MT also. Not based on any fact but only upon the fact that MT is not mentioned when discussing Apollo's future. Apollo can't raise funds by selliing stock to the public. I has an adverse auditors opinion and whicle this issue may have been resolved for this years statements, until it has been they have no recourse to non hedge fund money. Black Fox should provide news during the remainder of 2005 as the drilling program ended in November and there could/should be assay results available that probably require releasing. The reserve and resource calculations won't be made available until early 2006. How early? Don't know. Probablybefore end of 1st quarter. I have a very large position in this high risk stock.

To: loantech who wrote (2481)	12/5/2005 1:40:18 PM
From: aknahow	Read Replies (1) \| Respond to of 78410

"When Jipangu made the purchase it appears as though they just accumulated shares and did a merger? Or does Jipangu get shares of apollo and the 3 subsidiaries?" Jipangu now owns the Nevada properties previously owned by Apollo. Jipangu paid a bit over $14 million for these Nevada interest. Since the Nevada interest were owned by subsidiaries of Apollo it makes little difference, to me, if Jipangu bought the properties or the subsidiaries. True one can invision Apollo still owing equipment is only the land mining and permit rights were sold, but imo there would be no impact on the price of the stock regardless of how these details actually were resolved. Since some of the MT equipment was sold I did wonder if that meant they intended to move equipment from Nevada to MT. In addition to the stock previously purchased in Apollo it purchased more shares and received options on additional shares that if exercised would give it as bit over 19% of the stock outstanding, at time of exercise. No doubt that Jipangu controls Apollo. Did management make a sweet deal for Jipangu in exchange for being allowed to stay and continue to "earn" their present salaries? Who knows? Unprovable. Huizopa in Chihuahua is interesting but so far there has been no drilling. While I could be wrong I don't expect any more work to be done at Huizopa that the minimum required to maintain the permits, until Black Fox is in production. A negative about Jipangu is that it blocks or at least reducesw the chance that other buyers will come knocking. But I am happy Jipangu is involved.