APG 0.00% 0.2¢ austpac resources nl

Ann: Shareholder Share Purchase Plan 2019, page-5

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  1. 2,132 Posts.
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    Few thoughts:

    - This coupled with the Chinese money = ~$1m cash

    - That gives us an EV of ~$1m (on the face of it it sounds cheap however with the clowns in charge running the show and decayed (worthless?) plant, I'd say an EV of $1m is still overvalued. Unless BoD are replaced, I still wouldn't be tipping in any more money

    - "SPP well supported by small shareholders" so that means the large shareholders didn't want anything to do with it, even at 0.001??

    - Did directors participate as earlier indicated?? Can we see evidence of this?

    - More huge dilution. More shareholder value destroyed

    - Nothing has changed. If we don't complete the test run and provide samples with this money, head must roll
 
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