APG 0.00% 0.2¢ austpac resources nl

Hi BigplaneI don't really think Friday should be a problem for...

  1. 1,088 Posts.
    Hi Bigplane

    I don't really think Friday should be a problem for us now.
    Trading volume has been extreemly low for a stock that has approx one billion shares on offer.

    Also the T3's are no longer significant traders with us so there should be no need for a mad dump at the close, as has occurred in the past.

    I think the sp has held well considering the low volume and the interest drop off of late.

    5c to 5.5c appears to be the bottom and I am expecting no real change until after 30 June. After then and up until the finalisation of plant upgrade, the sp should rise to the 7.5c position once again and from there will depend on the strength of some Company announcements regarding dollar earning contracts into the future!!!

    My thoughts only.

    Cheers
    Jawsy:)
 
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