apg to pay dividend, page-7

Tsk, tsk Domum - ye of little faith !!!

First - have a look at APG's last activities report out a few days ago - something like discussions are underway not only for funding assistance for the BFS but also for the 30Ktpa plant...very careful wording ???....

Then go and have a look at Cristal's web-site especially research and technology where they say their aim is to have (develop or buy) the world's best technology for mineral sands.

Now be glad you've got a stake and if you're like me - hoping like hell they don't get taken over as soon as the 30ktpa plant is in production. If not, I reckon APG could be paying a dividend in say 2008/9. I'm expecting the plant won't be in production until late 2006/early 2007. They are carrying fwd big tax losses they can offset very early on once they start making a profit - the plant is expected to make over $18 million PA .....

I think the wait will be worth it .....and my money's where my mouth is...

My guess is that the second plant APG will build will be in Saudi Arabia......and my hope is that India will then be sitting up and taking some notice....

cheers
Lekki