Down among the junior movers and shakers, Austpac Resources (APG) doubled in value on no news, with this Sydney-based company focused on a venture to recycle the by-products from the steel and galvanising industries in the Sydney region
As an aside, Austpac managing director Mike Turbott has been managing director of Austpac since its formation as an epithermal gold explorer more than three decades ago. That is quite some stint alright!
Turbott made his name as the bloke in charge of the exploration programs that led to the discovery of Lihir. Since the mid-1990s though the company has been focused on processing technologies.
The stock hit an all-time high of 45c back in 1994 but these day is generally found down around the 1c mark.
(Source:email from Final Call - Miningnews.net)
APG Price at posting:
1.0¢ Sentiment: None Disclosure: Held
