APG austpac resources nl

how i am playing apg, page-6

  1. 201 Posts.
    I was informed of APG through a friend who invests in the stock market and has been a long term holder of APG. He brought my attention to the BHP holding and potential transaction with Kronos, which got my attention.

    BHP doesn't always get it right and they have sat on this holding for some time, but obviously they thought there was some potential. The Kronos deal will be a company maker in that it derisks the project somewhat, and most importantly commercialises their technology. I think the rewards outweigh the risks here.

    The 14c target is based on long term resistance (major resistance is at 8c and 14c) on my chart below:

 
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