APG 0.00% 0.2¢ austpac resources nl

A terrific post seven of nine - I also believe that the...

  1. 143 Posts.
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    A terrific post seven of nine - I also believe that the management employees have huge skin in the game and are committed to seeing this through.

    It's a great shame that the company didn't have the skills to be more disciplined when it received Kronos funding and subsequent funding from the sale of our only material asset (WIM50). A lot of $'s seem to have been misapplied.

    Let's hope Turbo can pull off a great deal in the next six months. If not, I can't see anyone contributing further capital unless a partner is delivered or ANZ or Westpac funding is secured as a final throw of the dice. Paying 1 cent a share is a very high price when it was always on the cards that it would be sold down to .6 of a cent. However, as you say, without that cash injection, all would be lost.

    It's been a nightmare and we need a result (and quickly).
    Last edited by clacko888: 01/07/15
 
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