I wouldn’t call it a sell down as it’s literally just a handful of trades that’s pushed the SP down 14%. It’s a lightly traded stock so can be pushed around easily.
Overall, the company remains on track IMO. Albeit net profit suffered from inflationary impact but that was to be expected. Debt reduction has been excellent and be paid in full in weeks ahead freeing up cash flow considerably.
I’m surprised we are trading at these levels but remain bullish on the company’s prospects.
ATP Price at posting:
3.0¢ Sentiment: Buy Disclosure: Held
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