Seems there are quite a few disappointed shareholders at the moment. But on the face of it things are progressing well within APG to commercialise their technologies. If you look at the share price it has come off recent highs. This is only a concern if you want to sell some shares right now or you get nervous when the value of your shares in APG drop. It is just a part of market dynamics: it does not often mean much in relation to the fundamentals of the company. With so many looking to sell the market just could not absorb them all on the strength on the recent placement with BHP at 20 cents (5 million worth). If they took a much bigger bite, say for 15 or 20 million worth of stock things would be a little different I believe. At the moment the market seems to be in a wait and see mode. But once the plant is operating and other deals or news on the gold front emerges things will probably hot up again. If you take a medium to long term view with APG you should do very well within the next 18 or so months. Share trading can be very, very crazy at times.
Cheers
APG Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
