I find it amazing how people can only see negative.
The previous placement to the last was for $1.4m and lasted 15mths.
They have just done $2.1 and have no legals to pay out.
Turbot said as Rabbit eluded that he was not allowing companies that made making enquiries to attend view and test the technology until the plant is built and operational. (next quarter)
He also said that there was a number of interested parties all very keen and waiting.
He went on to mention that of these enquiries any deals for licenses as well as other deal would include an up front payment (FEED payment) followed by ongoing royalties.
He did say each deal would be unique to it own situation.
Therefore the second, third and fourth quarters could all see licenses being issued with large $$ hitting the APG bank account.
Rabbit, also mentioned some planned drilling. The Aust Gov has issued a report stating that the best potential for new underground resources are located in three areas. NT, NSW/QLD border and a small area bang where APG is now.
Cheers
APG Price at posting:
3.1¢ Sentiment: ST Buy Disclosure: Held
