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https://hotcopper.com.au/threads/ann-investor-presentation.689540...

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Pseudo19

559 Posts.

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21/01/23

21:04

Post #: 65813630
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Originally posted by bungalowbill: ↑

I sold out at 10 cents, it simply was going the wrong way . Matt is a great bloke, but it's a problematic sector, a litany of failures . Don't get me wrong it is one very fine product & will be hugely sought after. But the time it takes to get it up & running & the amount of capital & subsequent dilution will mean, maybe those at the very end might do OK,. but the original shareholders bear the pain as issue after issue is undertaken at under-market prices which will sap the value of the original holders. I'd hold but wouldn't buy anymore, as averaging down works maybe one out of 3 times

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https://hotcopper.com.au/threads/ann-investor-presentation.6895402/

"Tenement holding costs $1.8m"

How long can they wait for a breakthrough in the sector before they run out of money?

APC Price at posting: 2.3¢ Sentiment: None Disclosure: Not Held
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0 Great analysis

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