APG has had a huge run up from it's 3 cents days and has been well overdue for a pullback
Basically today's announcement hold the world APG has another CSI next the BHP
However it also says there is goning to be a major rebuild at a cost above the money they just raised and now they will be chewing into the licencing fees they have brokered. Add to this they have come out and yet again too extend the production start date.
Not hard to see why some risk has been taken off the table in the short term. Unlike most I like this consolidation back into the 7s and have an order waiting to be filled
APG Price at posting:
7.8¢ Sentiment: LT Buy Disclosure: Not Held