You maybe correct in suggesting the sp may not rise for the next month or so......until we hear of some outcomes of the Newcastle plant operation.
However we do know all is progressing very well at this time......management are very confident and smiling but not really letting the cat out of the bag during this very exciting and defining time in the life of apg.....they appear to have closed ranks to some extent as we are not hearing any pre-upbeat unofficial information that seems to have occurred in the past
As to where the sp will go from here......yes it will rise.....sub .10 will not be available for much longer imo.....don't be surprised to see the sp increase with a very steady and slow rise towards .13 over the next week or so and perhaps by March end, early April to .15 where it could stabilise until mid-year.....from there...well who knows but a jump to the BHP buy in price of 20 cents during July would not be unrealistic if all is progressing to management expectations.
Whilst the volume/turnover is certainly down at present the sp has been very stable over the past couple of weeks during a period of overall market uncertainty.....to me this is good as not too many willing to sell down at this time as has occured during prior weeks and during the history of apg when volume is down and ramping diminishes.....I expect many are waiting for just a hint of some good news to give them more confidence to get on board or to increase their holding....good times ahead with what is occuring at the moment.
As stated above "an exciting and defining time in the life of apg".
All the above my imo only
JAWSY:)
APG Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
