If the method of funding is anything like the BHP deal the sp went to 21c
The Kronos transaction overall should be a company making transaction with the other majors sitting on the side thinking how to get part of this technology that will earn/save millions of dollars pa.
As I previously said Kronos are not doing this for the odd mill. They mean big big business.
With technologies for the steel insustry technologies for the mineral sands industry technologies for the zinc industry and all will generate 10's of millions of dollars APG has the potential of huge rises in the sp.
I dont think 200% short term is out of the question at all especially given that this kronos deal will be better than BHP who are still holding firm. I wish earnie was here to get his input!
APG Price at posting:
6.5¢ Sentiment: ST Buy Disclosure: Held