for those who have been watching and reading between the lines i guess the anticipated (expected very soon) announcement will hopefully be one of funding and project in OZ for APG.
One of the main reasons that APG has not delivered is a lack of funding and O/S governments knocking things on the head.
Here is an extract of a post from 11/11 as to some reasons why APG has "not performed" as expected.
"APG failed to find "quality" coarse grain ilmenite in the wim150, due to lack of funds APG did not take sufficient risk out of the technology by building a larger plant at Newcastle, the Ticor deal was canned as the Indian Gov't refused to process the applications in a commercial manner and Sons of Gwalia were very keen for a plant with RZM but we all know what happened there. Bad luck or poor management?
If any one of these was achieved we would have been on our way. Thats why we are back to 3.0cents and thats the stockmarket."
I think that pretty well sums it up.
Based on previous announcements one would expect the share price in the short term to get into or close to the teens however your guess is as good as mine.
Irrespective as to what price it achieves very short term if the announcement is as some hope/expect then that should secure the future for the company as APG should be able to commercialise its technology in the near future and move to project without the worry of funding.
APG Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
