AOP 0.00% 61.0¢ apollo consolidated limited

Need to get your facts right - AOP didn't sell the royalty - it...

  1. 49 Posts.
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    Need to get your facts right - AOP didn't sell the royalty - it was an existing agreement that was probably there when they acquired the project and before a drill had touched the ground. At the time the royalty was put in place, is was pretty much worthless but now at $8M, it's cheap.

    There is zero impact on AOP financially for this sale, they have not sold anything - the current private company that owned the royalty (not AOP) has cashed in by selling their future income stream to Trident.

    The sentiment you express is right though, Trident see the Rebecca project as a cornerstone investment for them, they can't believe how cheap they got this and all they see is upside.

    Classic value investing by uncovering something that he rest of the market is asleep on - like a frog in a slowly heating saucepan. No fanfare with AOP, but it just keeps building and building.
 
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