APG 0.00% 0.2¢ austpac resources nl

A Question for those who open their wallets

  1. 929 Posts.
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    Obviously APG are on struggle street relying on the same old shareholders to kick in cash in order to get them through the the next quarter.

    The question I have is that if it is the same shareholders kicking in more funds, MT must surely be selling a story in order for you to put propping up the company at a then premium of 2c per share, and now propping them up at 1c per share (a premium again).

    Was MT still confident a deal was going to be done with the 'major' he has been talking about for the past 6-12 months, or has this gone cold, so he is looking for other avenues?

    Surely, you wouldn't be happy having paid a premium (twice at 2c) on the premise that something was imminent, and having dusted off 50%, put your hand in your pockets once again to pay up.

    So, from your discussions with MT or whoever sold this to you, are the dealings with the 'major' still going strong, or were there concerns which is why all of a sudden, they are looking at alternatives.

    Thanks
 
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