I certainly don’t see it as a bad thing. As with all markets expect skulduggery behind the scenes from third parties, tinkering with the stock for their own ends. The company is significantly de-risked. We basically know the project is going to go ahead now, and with the debt mix there should be much less dilution than initially expected in DFS.
Compare it to its peers and it is ridiculously undervalued. And there is always the wildcard of a gold or base metal surprise thrown in the mix.
If you are a day trader it may not be the stock for you, but I am very happy to park these in the bottom shelf and will continue to add to my holding, confident to reap multiples of reward in the years ahead.
Remains a buy.
APC Price at posting:
17.5¢ Sentiment: Buy Disclosure: Held
(20min delay)