The shares have gone up 12 percent in the last couple of days, AGM was on today and the Chairman's and CEO's comments seem very positive yet not a word here on Hot Copper.
Must confess I stuck with my previous comments and took the gains selling out yesterday and this morning prior to the announcements. It is starting to look like a mistake. If the NPAT exceeds 21m as forecast then the Price Earnings ratio will be around 6.7 and the shares are selling under 40 percent of the Net Tangible asset backing.
The chart looks strong, the board comments are very positive and the impression coming from all of this is that this company may have turned the corner and done it in very trying times.
Surprising that not a word has been said here by shareholders. If API do happen to fall back I think I will be coming back on board.
GPASAS
API Price at posting:
29.0¢ Sentiment: None Disclosure: Held
