Been a convergence of things working in ATP’s favour which can be attributed on some part to strong management but also luck or timing has been on our side.
I took an position a number of years ago as a trade but when I dug a little deeper, the fundamentals of a long term hold became obvious and I increased my holdings in the lows and averaged up on confirmation at various points.
As the sole listed company offering exposure to a commodity in severe under supply it becomes the obvious vehicle for any investor wired into this under researched sector. I have no hard evidence but suspect that sophs and family offices have/will be buyers. SP growth has been spectacular but has also been in a somewhat orderly fashion. Like a rising high tide reaching a progressive high point only to rest an build to a new higher point.
As we progress towards and past a $100m MC we may begin to come on the radar of small cap and thematic funds. Also funds seeking exposure to the Asian consumer (whilst at arms length from investing in country).
Good luck to all holders.
ATP Price at posting:
17.0¢ Sentiment: Buy Disclosure: Held
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