Hi Sarg,
I didn't say it wasn't positive to float Apollo Hill. In fact i think it is very positive from Peel's perspective. Peel are the winners from this float. I was saying that IMO Saturn stock will be cheaper on market after the float.
I have seen so many of these types of floats over the years. Thus i now have a very healthy scepticism re: motives. I have yet to see any exploration IPO ( even one with a small existing resource ) that is packaged in any way other than with an extremely positive outlook. Sales 101.
Having said that i will watch it closely. Just wont be participating.
Ann: Letter to Shareholders Saturn Metals Priority Offer Amended, page-9
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