apac's intentions

APAC's investments, which include major shareholdings in Kalahari, Mt Gibson and Australian-listed tin miner Metals X, are currently worth around HK72c per APAC share, compared to APAC's closing share price of HK29c.

Mr Ferguson said the preference among Hong Kong investors for companies with cash flow, rather than investment funds like APAC, suggested APAC needed to become a miner in its own right if it was to realize full value from the market.

The downturn of the past few months meant there were plenty of potential opportunities.

"It's about turning ourselves into a producer of the right commodity at the right point," Mr Ferguson said.

"There's a lot of really interesting companies that are trading at interesting valuations."

Any move would not extend to Mt Gibson, with which APAC has had a difficult relationship in recent years.

Full article: http://www.theaustralian.com.au/business/mergers-acquisitions/kalahari-minerals-bid-could-make-a-miner-of-apac-resources/story-fn91vdzj-1226170092553

Make of those comments what you will. Ferguson was appointed to the MLX board at the same time MLX launched WGR takeover. Although the article was from October 2011 it is extremely relevant to what is transpiring now IMO. If they're not after MGX, it only leaves MLX. And the "right commodity at the right time" would have to be gold, it wouldn't be tin or nickel.

Might be another painful 12 months until this is wrapped up, but us AAGers/WGRers know no different lol

Cheers