I agree with JWT however I point out the following:
1) The half yearly has not yet been lodged and is late.
2) IF it is the R & D then it is MATERIAL given the financial situation of APG. They reported a cash burn rate at the AGM of $800K pa. So after creditors I would guess two years of cash flow when the tank is empty is very material. It lets us know the company is not going out the back door and has time up its sleeve to produce a deal.
3) If it is the R & D then the half yearly may have been held back so it can be included as a subsequent event. The half yearly must also be audited so if for argument sake they got the R & D last week then it has to be included in the accounts and Audited. Possible reason for delay
or
4) It could be a major deal.
Interestingly enough while we are waiting on a transaction for the NIRP a discussion with the company led me to believe that we may see a separate announcement (don't know when) in relation to the Syn Rutile technology and another company.
The dark tunnel looks like a bit of light is sneaking in!
APG Price at posting:
0.4¢ Sentiment: None Disclosure: Held
