is there light at the end of the tunnel?, page-2

I think your sentiment is probably about right.

I know I will be reprimanded by the ever faithful, of which I am one, but the fact is that APG for the entire history of its listing has yet to deliver a commercial deal with clear objectives and cash generating operations.

OK a licence has been issued to BHP for africa yada yada yada .... but there's no time limit on its execution and well BHP could easily shelve any intension to act on this licence!

ON the bright side APG technologies are clean, green and cost effecient. All the right ingredients for todays marketplace.

All in all, management have exceeded themselves in recent times for prooving the technology at pilot plant scale. I am very happy about this.

Tempering this though is the uncertainty about multiserve and BHP. There are no gaurentees of either proving fruitful for our beloved APG.

So as we lament previous highs, we can only observe nearing lows with news of 'gold' re-entering the fray. Perhaps we are being sidetracked again to take our minds off the real issue - no commercialisation and cash!!!

What I want to hear is an offtake agreement with Onesteel/ smorgan for HCL pickle starting say August. That's what I think is needed to arrest the SP decline.

So as we consider all these previous happening APG gently drifts, yet again, to lower levels where the cunning are slowly accumulating. As a sceptic I can only think that the recent SP drop has been engineered once again!!!

GC