APG 0.00% 0.2¢ austpac resources nl

Market depths look scary bad

  1. 1,433 Posts.
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    I have not seen buying interest as low as this in the 20+ years I have been following this stock.

    It looks extremely sick at the moment.

    The question is...how long can it go?

    Are people scared to buy knowing there is potential for the stock to be suspended from the market permanently if they can't source ongoing capital? How can APG do ANOTHER capital raising when the price is diving like this? What investors would pitch in and at what price must the company offer it to them for?

    Perhaps people have finally realised the stock will never prosper with the current management team in place?

    My question is...at what price does the stock become a worthwhile punt? And lets fact it...that's all this is now....a gamble. Over a long period of time they have proven incapable of getting things done, but maybe a new management teams comes in and finally sorts this rabble out?
 
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Currently unlisted public company.

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