APG 0.00% 0.2¢ austpac resources nl

Perhaps there is something MT can do to reassure shareholders....

  1. cyw
    3,313 Posts.
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    Perhaps there is something MT can do to reassure shareholders. Instead of simply saying the plant will be commissioned in the 4th quarter this year (still makes one wonder if it is financial year, calendar year or APG year), MT can tell us a bit more as to what needs to be done to the plant, what the critical milestones are and what risks we are facing, like did we get the valves or are they going to be delivered in 2015?
    I believe the current share price largely reflects this uncertainty.
    Just because Kronos paid 8.5c for the shares does not mean it is the floor. BHP paid 20c and that was more like the roof.
    If APG keeps postponing the completion of the plant or keeps shareholders in the dark until the 4th quarter and then says it is again delayed, I won't be too surprised to see 1.4c again.
    MT, please do the right thing.
 
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