GC i agree with you on that .. Gold is a sideplay and nothing more.. Lets look at things rationally and try to focus on what will happen APG in the short term without the.. ann very soon . and sp at X by xmas noise that reverbarates around this thread ..
So for me I se the following
1. small update on gold within the next 6 weeks that will have no impact on SP.
2. sp will track sideways for at least the next 4-6 months as there is nothing substantial to report.
3. large holders with a vested interest will ensure that sp doesnt dip too low but i wouldnt be surprised to see a test of 7c as holders see value elsewhere over the next 4 months and exit with a view to re-enter closer to things unfolding with BHP
4. Early 08 ..Speculative buying in the run up to onesteel and BHP results and the first major upswing in SP.. .
5. The future of APG it laid bare ... in that I mean a sp move to 1c or 50c ...
I have substantially reduced my holding in APG for the short term based on my above assumptions ... I believe in the company and its prospects and will reenter when the time is right....
These are my views but i would be happy to hear an alternative 6 month forecast.
APG Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
