What percent has creasy currently got ? From memory 20 percent.
If being accumulated id place a bet on it as a friendly to creasy. If upcoming drill programe hits anything of note watch out.
Heres my play
APC leases to be rolled or sold into another company with creasy as a director. All his tenements that are not part of APC which is all of them as when he came on board APC were only given access to the potash and all other minerals where creasys not apc.
These will go into the new company aswell and spunoff.
Am i horribly wrong on creasys tenements ?
The play will be the access to the new shares in the new company while still maintaining exposure to potash.
The kicker for APC is that they hit something good as the tenements they hold will be worth there weightg in gold and will help raise the cash or r educe the debt they will require to setup the potash side.
Hit nothing and it could well be a good sell off.
Thoughts anyone.
APC Price at posting:
10.0¢ Sentiment: Buy Disclosure: Held
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