APG 0.00% 0.2¢ austpac resources nl

Good post L8tr, No doubt we'd have all liked to have seen the SP...

  1. 1,619 Posts.
    Good post L8tr,

    No doubt we'd have all liked to have seen the SP hit 25 cents today, but realistically, this was probably never likely to happen.

    Whatwe have seen though is around 28m shares traded which now owe the brand new owners about 7.5 cents each.

    I'd contend that a lot of the shares traded today owed the old owners about 3.5 cents or so, so for a higher longer term price, IMO, they have gone to safer hands.

    Lest we forget that 4 months ago, this placement might have been done at about 3 cents (for 3 times as many shares).....



 
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