Ann: APC Raises $10m in Placement following Heavy Demand, page-8

Demand from who? Euroz clients who want to flip stock for a cent or two?
There is no doubt the SOP project will proceed but the SP prior to the inevitable big raise will have a big impact on future earnings per share.
I would be trying every trick in the book to pump up the SP and that looks to be the intention with the nickel imo.
I don't think a slight delay to pursue the nickel is a bad thing, these SOP project are very much about looking forward.
You need at least $70M in equity. If you raise at 14 cents you add 500M shares. If you raise at 25 cents you add 280M shares. It's a significant difference.