When SOP price is so high and given the recent CR was at 14c, it confuses me what basis APC calculated 30% discount on.
Should have made 10% discount on the average of last 5 trading days. This would still attract investors given the high SOP price and the lack of alternative companies to invest in.
The SP will go down to meet 8c in coming month just like KLL. Shit for the shareholders. I'm tapping out and maybe comeback for SPP.
Ann: $12m Capital Raising to Advance Lake Wells SOP Project, page-4
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