APG 0.00% 0.2¢ austpac resources nl

lets get some perspective here, page-3

  1. 872 Posts.
    Have to agree with you ENIGMA13.

    What has happened here is a bit of trading madness IMHO.

    Although the placement was not at a huge premium to market, it does indicate BHP's belief in the technologies.

    It is very hard to quantify to likely risks of things going wrong with the scale up to the 3.000 ton plant, but considering the results obtained with other testing you would have to assume there is a VERY (lol) good chance of success going forward.

    I think the reason the share price has slipped a bit is because of a bit of profit taking by some holders and day traders looking to make a quick profit. With a lot of holders looking to sell at 20 cents it put a big barrier on the share price and with so many day traders locked in for a quick profit it was very likely they would have to bail out at some stage. The result being more selling pressure.

    The whole thing has been a good lesson in how to stuff up a good story, and for those who have been 'forced' to sell out for some reason I feel sorry you have had to get less than the shares are probably worth.

    Cheers
 
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