A clear change in strategy by APG and not before time. They are finally going to tell the market what they have been doing even though deals are not complete. In this way they will get some interest in the stock and at least keep the market infomed as well get more publicity out of each deal.
This is just the first of hopefully several announcements.
As was said it is a announcement of a announcement but it does say some things
1. India deal is still in progress 2. Trail plant no longer required, therefore TICOR and IRE must now be happy that there is no technology risk 3. A bankable feasibility to be done on 100,000 tons which is a significant step
Production is still at least 2 years away but basin minerals and bemax projects are also 1 to 2 years away and their share prices are reflecting some of their potential whilst APG is not.
A few more announcement will help and also inform the market as to the significant progress which has occurred in the last 12 months
APG Price at posting:
0.0¢ Sentiment: None Disclosure: Held
