APG 0.00% 0.2¢ austpac resources nl

all systems are go

  1. 1,347 Posts.
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    Rang the company the other day.

    As usual they were gaurded is what they would say but this
    is what i gathered:

    Q. With so much happenning why are people selling and particularly below 3.0c

    A. They dont know why people are selling but indicated that the sellers are not majors and more than likely nervous mums aand dads getting out due to lack of news.

    Q. How is the plant going and have there been any hiccups

    A. Commissioning is going very well and there has not been any issues.

    Q. The company has indicated that there was a deal with a major being negotiated. Where is it at.

    A. These things take time and between in house lawyers and external lawyers documentation can get get complicated however as the wording appears to be settled we would expect to have things wrapped up in a couple of weeks.

    Q. When I rang a few weeks ago a comment was made about an additional announcement comming. You would not elaborate on what it was however it appears that an external party is involved. Can you give any further details.

    A. No, other than it is something shareholders will be very pleased about.

    Q. When are we likely to see this announcement.

    A. We hope to say something to the market next week.

    Q. When will be AnnualReport be released.

    A. Very soon. It is a very good report and should be received wellby shareholders.

    As this call tool place earlier in the week the answers are not quotes and open to my interpretaion.

    The bottom line is you are nuts for selling and a wise investor if you buy.

    Cheers
 
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Currently unlisted public company.

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