APG 0.00% 0.3¢ austpac resources nl

If it is Bergen selling, I wouldn't worry too much, especially...

  1. cyw
    2,326 Posts.
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    If it is Bergen selling, I wouldn't worry too much, especially when the share price is already so low. I will worry if the share price is 60c and worry a bit if it is 6c. At 0.6c, how much lower can they push it? 5 pips!

    Now assuming they push it to 0.1c and got their shares at 0.1c, then they will have to push it back up to make a profit. Pushing it up 5 pips would only take a few minutes and we are back to break even at today's price. Bergen is not getting their $1M investment back selling their 'fees' shares at these prices so they must have some faith that APG will come good.

    We can probably agree that once the plant is up and running and contracts signed, sealed and delivered, the share price will not be even close to 0.6c.

    So what is the alternative? Who will give a company like APG with nothing much to show except on paper, money to push the plant and the company across the line? The shareholders definitely will not or else they would have raised $1M or more in a capital raising. This deal does not cost the company anything, only temporal paper loss for shareholders.

    You too, can play the Bergen game. Dump your holding now and buy it back at 0.1c or 0.2c and wait for the push upwards.

    We are assuming that Bergen is selling their shares but it may or may not be true. MT could sign a contract worth millions and millions tomorrow and the share price will shoot up to 60c. That would be my dream come true, golfing, fishing, young mistress ... Sigh again.
 
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