APG 0.00% 0.2¢ austpac resources nl

sells building news needed, page-2

  1. 4,618 Posts.
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    Pommie

    I was looking at the chart and noted that some short term downside looked likely. Based on fundamentals I can't see a selloff taking it much below 10c (maybe a drop to 9.8c). With the market anticipating good things, I think plenty of support will arrive to rescue any falls.

    That being said, an unexpected announcement would sigificantly alter what appears to be a short term decline in sentiment. For the long termers though its all about the pilot plant WORKING AND BHP getting on with the job of PURCHASING the technology. Announcements such as BFS for 60kT plants would spark significant interest in APG beyond what we have already seen in recent years.

    Buy on the dips assuming everything else (fundamentals) remain intact.

    GC
 
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