Unfortunately the previous and known history of this Company does indeed suggest there will be a need for one or even more capital raisings to occur, at around the 3c to 3.5c mark once again, within a 6 to 12 months timeframe.
Maybe even earlier if the WIM 150 sale is not finalised this month or next month at the latest. Let’s just hope we get appropriate Government approval late this month for the sale to firstly proceed and secondly for the funds to be locked away in an APG account at the earliest possible time.
Maybe the perception of more capital raisings is the reason why we are witnessing the SP reducing to current levels once again. It would not be the first time this has occurred.
Unfortunately share holder holdings will once again diminish further if this occurs. It’s a pity long term holders continue to be wacked when management continually get the timeframes and required finances so wrong.
Perhaps I will be wrong. I really, really hope so this time.
JAWSY:)
APG Price at posting:
3.2¢ Sentiment: Buy Disclosure: Held
