It seems that due to a a longer than expected period for our plant to be built and commissioned that we as shareholders are becoming more introspective.
I hear many arguments why we should hear more from management and conversely why we are not hearing all.
Standing back a couple of steps from the crossfire, I am seeing that so much criticism at this moment (from us on HotCopper), when all the planets are lining up for the company, is doing nothing but trashing the share price and reputation of the company and it's potential.
Yes, it seems that we are likely to be seeing another dilution of shares by another capital raising, (by the companies own admission in the latest correspondence to the ASX) but it is also clear that we are extremely close to the endgame of producing income at the plant.
Commissioning a plant is a complicated process as discussed by many engineers over the years, and it is always a drawn out process. I have had some personal discussions with Seik over this in the past. (We miss you Seik!) He explained there are ALWAYS issues that come up and need to be dealt with, it's a natural process of the development. Hummms has pointed out his recent observations which exemplify this (Thanks Hummms). Others have pointed out that because of the size of the scale up from the previous trials that nothing too major should present itself. (Tewks - I believe has supported this) IT JUST TAKES TIME AND TRIAL.
There are so many of us long term holders that are so keen to reach the point of receiving income and showcasing our companies technologies to others.
I personally feel it is a REALLY stupid time to be rocking the boat like this in public. So many long term holders have shown their faith by sticking by the company all these years. We are so close, let the company finish the plant and the commissioning and THEN let loose if you are not satisfied. Hold your tongues (and keystrokes) until the commissioning is complete and the subsequent action by the companies waiting on the sidelines has been initiated.
I am really keen to let them complete this process without further antagonism by the shareholders. Let's then see what rolls out as people (potential clients in particular) see this part of the developed technologies in action.
Once this is completed, let's look forward (those with a long term vision) to the next huge potential money spinner which was developed long ago but never commercialised due to lack of capital, the HUGE potential of processing a diverse range of mineral sands that other technologies are not capable of. We have proven we can do this too, but it yet has to be commercialised and has PHENOMENAL potential over VERY long periods.
I am personally very excited by the potential future of APG. I have held for 14 years and I feel that we are finally on the cusp of some great strides forward. I also feel that the recent deluge of negativity on HotCopper has done nothing to help the company and has negatively effected it and the share price.
To the naysayers, seriously, what are you trying to achieve???
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APG Price at posting:
2.5¢ Sentiment: Buy Disclosure: Held
