APG austpac resources nl

Ann: Research Report , page-24

  1. 24,386 Posts.
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    "Most scammers don't spend 26 years working the scam and still manage to hoodwink BHP and Kronos."

    BHP has put a hell of a lot of money into us, and at a hell of a lot higher price per share (multiples) than what our sp is at now.

    BHP could have taken us out with their morning tea money if they wanted to, and they didn't.

    BHP had better insight view of all our plans and designs, (once they started investing with us), than many of us wouldn't even be able to dream about, and yet they decided to walk and stopped spending money in this project.

    Could BHP being sold a hot potato by a good car salesman? I really don't know mate. You tell me.
    All I know is, that, based solely on your own comments, there are some real good ones out there in the sharemarket, and it all depends on us to be able to sort out the wheat from the chaff.

    You may now say that BHP haven't sold out as yet, and that is true. But, now consider these options:

    1) If they were to sell out of their holdings, who would want to buy their shares off them?

    2) And if they were to find someone, how much would they be receiving for those shares?

    3) What would the sp price gets to, if they were to dump them on market?? GOD HELP US ALL.!!!! Because our shares would only become usable as a toilet ingredient.

    4) Considering all of the above, they might have realised that it was just a total waste of time and money to continue pouring more of it in this project, but that it was better for them to sit and wait on the sidelines, and let someone else spending their own money just in case. And, IF AND WHEN something was to come out of it, they could then take us all out for a song and with their morning tea money.

    Good luck mate. AGM is upon us soon again. Just leave the sweets and the beer alone this time around, and simply concentrate on your own investement and what return it gave to you over these many years. If you are going to attend to it, that is.
 
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