APC has almost full offtake, has better financing pending (NAIF, doesn't get better than them), and is more mature than Agrimin in terms of time to FID anyway.
And they had to give 30+%.
AMN have been putting of this Cap Raise from the exact same week after seeing the carnage, except, it seems somehow they've picked a worse time, KLL announcing further details on their major issues, and the ASX resource sector getting pummeled.
The investment banks and fundies know AMN are desperate, and looking for cash, and that market environment is perfect to squeeze them down.
Our only hope is to have a top tier cornerstone support it, which may help keep discount to the teens. Chris Ellison? Not sure if they have capacity for a hand into the SOP space.
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