APG 0.00% 0.2¢ austpac resources nl

i'm in for the long haul but......., page-14

  1. 2,336 Posts.
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    Hi Linkman,

    As a longstanding and loyal shareholder I do believe that in considering the large number of shares on issue a reconstruction of capital should be considered.

    A consolidation on the basis of 1 for 10 would bring o/s shares to a very respectable total and give share price an adjusted price of around 50 cents.

    Whilst many would condemn this action I feel that with whats going on at the present share price would hold this level.

    They have been successful in making various placements over the years ,some as low as 3.5 cents but in this financial quagmire who,s to say that this is going to be so successful in the future. Even so assuming a share value of 50 cents any placement of 50 cents with say a 25% discount must have appeal or a back stop if things really get tough.

    Projected income of 4 million,whilst being very acceptable is just a drop in the Ocean but better than nothing. Its a good starting point.

    Best of luck,we all need it.

    Best Wishes,



    Penelope.
 
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