If history repeats itself, the placement will be to a sophisticated investor AND this placement has ALREADY happended.
May I suggest that the agreement struck between APG and the Sophisticated investor was a volume weighted average over 5 days ....... Hence the recent sell down to 2.8c???
I speculate and could be wrong. Happy to be so.
My timeframe is a minimum 6 months. A 0.5c fluctuation now is insignificant to a substantial rerating in 3-6 months time. If it falls by this much prior to upleg then I might even buy a little more. But what if it doesn't go any lower?
As I said best reward vs risk I've ever seen in APG for a long time.
GC
APG Price at posting:
3.4¢ Sentiment: ST Buy Disclosure: Held