APG 0.00% 0.2¢ austpac resources nl

Link, Most announcements for a long time have been of a 'damp...

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    Link,

    Most announcements for a long time have been of a 'damp squid' nature. No one has benefited much from them - long term holders (like the poster you have in mind) or speculators like yourself.

    The last announcement was a rather complicated one, suggesting the company was again toying with the idea of 'enhancing' the design of the NIRP with possible funding support from yet another prospective partner - again with no funding assured.

    OK, there was a mini run up before the announcement. However it proved to be a flash in the pan immediately the details (and the lack of the required funding) became clear.

    I don't think anyone would have made a fortune on the run-up to that announcement or indeed any of the company's last 6 or 7 announcements.

    The only thing that will enable anyone to make serious money from APG is if it closes a substantial deal before the remaining funds run out.

    APG has a record of relying on the supposed 'conman' and a number of other long term investors to continue to inject capital into APG to keep its dream of a suite of world class technologies alive.

    In the present environment securing funding to buy APG more time to close a deal with a major is imperative.

    Clacko
    Last edited by clacko888: 26/08/15
 
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Currently unlisted public company.

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