APC apc minerals limited

Ann: Options Underwriting Over Subscribed-GPH.AX, page-37

  1. R-7
    651 Posts.
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    @thunder54. What about the dilutionary effect of 70M new shares on the 152M on issue? That's almost 50% for current investors (assuming Hartleys et al take all) and will push the MC to around $18M (at 8c) with potentially 70+M shares on sale in short order (requiring massive relative volume).

    I like GPH's prospects for good flow rates (given basal sands in most holes), but agree with @FiendishRedbeard that they will have to upscale to get the capital they will require for SOP production, assuming all goes well.

    I like GPH and their potash/gold exposure, but what about the significant opportunity cost? R-7.
    Last edited by R-7: 15/09/16
 
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