Notes: * Gold - not included in my valuation * Additional ERMS plants not included in this valuation; which is the ideal situation if the 60k tpa plant proves a success - plenty of potential upside if this eventuates. * Figures are from previous Annual Reports / MD presentations. * I still consider APG high risk, but that risk is decreasing at each stage of commercialisation. * Based on the announcement and placement price I believe the shares should definitely be trading above 20c. I believe a good entry would be less than 18c for new holders. * I plan to recover my investment + a small profit at a price above 20c to close out my margin loan.
Regards, Fergus
APG Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held