So it is a penny dreadful with no fundamentals which will temporality jump in price (and come crashing down as most do). So buy in and dump as soon as the price jumps?
You are obviously close to the company so you can probably answer this question. What is their business plan if the plant was completed? How will they generate revenue, and what profit margin are they expecting to run out? How big is the market they want to play in? I've asked the question and only get rambling with no real numbers
There is nothing here to suggest it is worth $50m. It is not as if it is a mining company that may stumble on high grade copper or anything like it.
Maybe they will have someone with a lithium carbonate prospect backdoor into it. That's really the only way I see some interest develope here.
I personally I don't think their technology is commercially interesting. As I've said, there is a reason no-one has come to the party over the years. A big question mark
APG Price at posting:
0.4¢ Sentiment: None Disclosure: Not Held