APG 0.00% 0.2¢ austpac resources nl

where are we going apg?, page-55

  1. 1,198 Posts.
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    "They, (BHP) just decided that they were not going to spend anymore money on us and stood aside. Why is that!! Especially with a multi multi multi billion dollars company that could take us out altogether with just their morning tea money. Now, if you know why they (BHP) did that, you may tell the forum, and me, because I am at a total loss."

    In a 2-word nutshell - Corridor Sands.
    Unfortunately BHP lost control of this when the govt took away their license and "tendered" it off to their mates.
    This, remarkably, coincided with their "loss of interest".

    If they got that resource back, then I would imagine their interest in little old APG (who have the only technology that allowed those sands to be commercially viable) might just return. Meanwhile, interestingly not one share sold.
    If Kronos decide to try and have APG as a morning tea snack, they might also get interested again. Who knows?

    Anyway, hopefully you are now only at a partial loss, not a total one.

    sasa
 
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