APG - will go the distance., page-5

I would have to think a placement is a very short priced favourite. The company has raised funds for the last 3 years via placements. Why would they change.

Where else are they going to get funding
1. A bank - No Chance
2. A rights issue, very unlikely, they would have to pitch it at probably 5 cents or less to get it underwritten, if they could get it underwritten. A rights issue would be a disaster for the share price and existing shareholders
3. A placement - Its the only one left. Given all the negative talk on HC about the company going broke then I would see a placement as a positive as at least their are investors out their still prepare to put up significant money
4. It would be a absolute shame if the company could not continue for at the next 12 months as decisions will get made either positively or negatively on major projects in India and the Murray basin. APG dont need success on all projects, just one would be enough for them to turm into a profitable company