APG 0.00% 0.2¢ austpac resources nl

in the sixes , page-17

  1. cyw
    3,314 Posts.
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    Buddy,
    I don't think I would be in APG for much of a shorter period than any of us here. Of course, opportunities are just that, they may happen or not happen. I was just looking at the risks and opportunities APG faces now.
    With a rally on a major announcement, it is not uncommon for the share price to retrace to the Fib 50% or 61.8% level due to short term trader action.
    Other than the Ticor association (argubly also the NZ Steel episode but too non-eventful and short-lived), APG has never been in a better situation to become an income producing company. There was a lot of hype in the BHP deal but it all contingent on BHP's development in Africa and no licences were sold. It was a royalty some years down the track on something that did not exist yet.
    Call it ramping or anything you wish but I believe I have reasons for my optimism.
 
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