To be fair, the OZC $7.5 was received in December...so with the last $1.4 placement that makes $8,9M. our cash burn rate this year is about $750k a month.
So our recent $2.1M will, assuming same rate of burn (which is debatable as this year was heavy capex), will roughly get us through Q1.
If we can get a deal with cash up front, that would be fantastic and will push out the need for a placement. However, given EPA restrictions...getting to full capacity will take a while, maybe June or Sep...so might be a close run thing.
Just been through this with another stock (TGR) that had a massive capex program and came out the other side 12-18months ago...worst sentiment is just before all the hard work pays off because investors get tired of waiting and unsure if it is going to pay off.
In that case shares are up 275%. Hoping same for APG in next 12-18 months.
APG Price at posting:
3.1¢ Sentiment: LT Buy Disclosure: Held
