Market needs to know the fate of SO4 and exact situation at KLL. Shackleton can say whatever he likes but there is a cloud over this project (which he has acknowledged) and the sector in general. This project shares many similarities with the two projects mentioned above. Until there is clarity all I can see with APC is further low price cap raises (unfortunately). I have said it before, they should have raised a large amount 12 months ago when they announced NAIF. They have waited on the final “debt piece” whilst the SP has gone from 18 to 6. Just being realistic. Other companies in this sector are doing very little currently, almost certainly because of the uncertainty.
APC Price at posting:
7.1¢ Sentiment: None Disclosure: Not Held
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