APS 0.00% 3.6¢ allup silica limited

A direct quote from Allup Silica's chairman from the channel 9...

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    A direct quote from Allup Silica's chairman from the channel 9 interview with regards to the Antwalker tenement (2.00 minute mark):

    https://fb.watch/dCYgMaynL7/

    "If we explore and there is nothing worth further work, then that's the end of the story"

    OK that's a very different story to what we have heard before, and contrary to the very positive language particularly during the IPO and then later with the initial listing.

    With this high degree of community opposition now attracting mass media coverage (with undoubtedly more to come), the key questions for Allup Silica and its investors are:

    Is it worth pursuing the Antwalker tenement? Or does it make better commercial sense to focus on other prospective tenements that can deliver the required purity and quality, without all this grief that is probably impacting Allup's share price?

    Allup applied for a exploration license 2 years ago and appears to be held up over a range of complicating factors, most likely linked to the fact that the proposed mine would be in a state forested water catchment area and requires a range of approvals.
 
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