one steel and bhp, page-15

What supports a stock's share price is its future/potential cashflow as estimated by the investors, often with guidelines from the company. With APG currently, it is the royalties from the BHP South Africa licence.
Once the licence and the pecentage royalties are confirmed, investors can start to size up the potential cashflow from the deal. When BHP gives clearer indications as to the size of the project and the ramp up timings, we will have a much clearer idea as to what the share price should be.
In the meantime, it is the hope that the deal is up to expectation that is holding the share price.
Once the plant is completed and the technology proven beyond doubt, it will be quite a different story.
I have been topping up since 15c and will buy some more on weakness. Loads of cash sitting in the superfund account now.