The raise should never have been under 10 cents, absolutely. That's a result of giving your broker so much advance notice that you're going to need money; their clients stop buying and start selling as they can get stock cheaper at a later date, and the lower the SP the more shares they get. Makes sense for the broker's clients but I don't think APC saw it coming.
Funding for this project shouldn't be a problem IMO, based largely on the value of SOP in the Australia and SE Asian markets alone and being among the first movers in the industry, and certainly after yesterday's confirmation on the quality as proof of concept.
The upside here is enormous when you consider they have 16 years of production at 300 000 tonnes per year as per their JORC estimates (first 4 years at 150K tonnes) and the infrastructure in place to assist with delivery (closed roads, government support). That's without even mentioning the possibilities on the gold tenement.
Full respect for taking your capital out but those getting in will be profiting rather than preserving capital I think.
APC Price at posting:
11.0¢ Sentiment: Buy Disclosure: Held
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