i'm not a holder but started following apc someways back when it...

i'm not a holder but started following apc someways back when it was around 0.051c (I think....)

and whilst I appreciate its not good form to speak ill of a company, sheesh was today's announcement a gem!

my summary was (a) it's insolvent (ie no cash flow to service a pretty assured ATO liability); (b) environmental approvals are on the never never and (c) some buzzards or vultures are crawling through the asset register for any thing that shines.

if it were my money in these shares, they would have been gone on close because today's announcement put shareholders on notice that there is not much there, including hope

no amount of TA analysis will help me thinks...

good luck