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61.0¢ apollo consolidated limited

Ann: Quarterly Activities and Cashflow Reports, page-5

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bargk

417 Posts.

7

28/11/18

13:48

Post #: 36670385
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Originally posted by Croesus1: ↑

I believe them but they may just be getting fed rubbish by a broker! (It is not unknown to happen!)

Don't have any target price. I think the question for any suitor is which big holder can they pick.off to get to the table. The price for a major holders line of stock is likely to be a big premium.to the current trading pri.ce (and structured so that it is opaque to mushrooms like us).

The company needs to pull its finger out as despite having lawyers on the board the prize may get taken off them if they linger too long.

Disclaimer: all in.my opinion so do your own research

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Estimating is difficult because end of day market and seller position will dictate, but given results to date, holdings and future prospects expect it would need to be in range of 25-30c.
Their track record previously with other companies suggests they are not interested in being producers.

AOP Price at posting: 22.0¢ Sentiment: Hold Disclosure: Held
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