APG 0.00% 0.2¢ austpac resources nl

apg's second largest day in a year

  1. 355 Posts.
    Volume today was the second largest in the past year.
    Given that there has been no announcement and judging by the previous history of this stocK something is "going down"
    Much has been promised in the past but the advance in its progress to the full scale operational stage just may mean the one of the companies such as Iluka or Cons Rutile just may be deciding that the patient APG holders may see their aspirations finally fulfilled.
    It is a very good technology and given the voracious appetite for input elements in the frenzied resource sector may yet see the majors opening their cheque books to "buy the Company" if they are so in need of the process.
    With a market cap of just $20 mill on to-days prices a double value deal would no doubyt win shareho;der approval and it has to be conceded that $40 mill to buy the lot lock stock and barrel is not beyond the realms of creditibility.
    I have some exposure to the stock and would be happy with an 9c per share outcome.

    iSHMAEL
 
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Currently unlisted public company.

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