Personally I think this is just a Treeshake of anyone that recently converted options.
Sometimes people convert options on borrowed money thinking that the Shareprice will shoot up straight after, and they hope to sell for a big win. But my experience shows that it normally takes around 2 months before you start to see the price rising after Options expiry. Thus there might be a few nervous people selling before it drops further.
I have also always felt that APC is less for the Retail punters and more for the industry guys wanting to maintain their stake as they know it will pay dividends down the track. Hence why Announcements always feel like the bare minimum and not the hype train that many other stocks are.
Sevo raises genuine points of concern, however I feel there are enough similar situations that it just comes down to a few million up front, and then royalties down the track. And they tend to keep it quiet until that side of things is resolved. good ol' WA way of doing business.
APC Price at posting:
10.0¢ Sentiment: Buy Disclosure: Held
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