APG 0.00% 0.3¢ austpac resources nl

Ann: Third Quarter Cashflow Report-APG.AX, page-22

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  1. 1,257 Posts.
    lightbulb Created with Sketch. 26
    They said they are working on 4 fronts.

    I agree, they have needed a deal for a while.

    THEY maintain they will have a transaction for us in the coming quarter.......lets hope so!!

    Have you been watching the other shares with an sp at this level ?

    A hint of anything signed sees volume increase, price movement then all the technical boys jump in because their computer and charts tells them of a breakout, others see volume and jump on board and then before you know it its is over 2 or 3c.

    That's why people play penny dreadfuls because the price increase can be expediential

    2 years ago or so it went from 1.4 to over 4c in a day.

    It can happen and it will happen IF

    THEY GET ONE OF THE DEALS AWAY

    For any consolidation to be successful ideally you need profit and a div or a merger or JV.

    Now is not the time otherwise the 100:1 ".004 consolidation (40c) will see the stock at 20c (.002)before we know it.

    It is very hard to push from 20c to 40c than it is to push from .002/.003/.004 to 3 or 4 c.

    There is no difference between the two other than the amount of shares we own.

    While I appreciate your thoughts and comments most would agree that consolidation now would not be in the best interest of shareholders and consolidation is certainly an issue that could/should be considered further down the track.

    AT THIS POINT they need to stay focussed to ensure that one or more of the four transactions they are working on come to fruition.

    Then we will see a much higher sp and then other avenues can be considered and addressed.

    Cheers
 
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