Decided to take a quick look at HC before we go out for lunch. Wow, what a debate has been raging for a few days!
The sellers vs the holders. The detractors vs the faithful.
This is just such a totally different situation for APG than ever before and I'm just stunned that people don't see it.
When BHP put money in it was on the CHANCE they could use the tech at CS. When they couldn't/didn't it became a sleeper. (But you'll note that BHP have NEVER sold out...)
But Kronos have put real, honest to goodness cash in. For them, a reasonable amount of money. (Unlike the BHP injection which was probably that weeks stationary expense).
They MUST be totally convinced of the technology. This IS NOT an experiment or a 'lets-see-if-we-can-use-this-one-day', it's the start of a roll-out. Sheeesh!
As for APG timetables, the timetables aren't APG timetables any more. They're APG-Kronos timetables. We'll just have to see who's proven right here, but I think it'll be all ahead full.
And then there will be full scale working plants to sell on the back of.
The ONLY part of the deal I don't like is the 65M shares after the promise of "no more dilution". But that's is.
You guys want some real misery? Duck over and have a squiz at VMT (I don't hold).
Cheers.
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