News: APC Australian Potash Announces A Renounceable Rights Issue To Raise Up To About $5.2 Million..., page-6

in 20 years of trading and market watching i can only remember two occasions where a company raised capital at or above the sp (or course there are many others, but the point being it is rare). so what is different here? there is always a discount to offset the dilution - and in this case it is sh's who can benefit by buying in at a discount and getting a free option.

personally this is the catalyst for me to buy into the highest probability sop player in wa, take up the rights, and watch as the funds are used to advance the dfs. i anticipate a strong news flow as milestones in the dfs are met and the apc mc catches up to its market peers i.e. 2-3x upside.

any news from sbm, or the other projects is icing on the cake.

anyone here taken a look as the so4 quarterly recently? ~$1.5m in admin and wages for the qtr = $6m for the year. the recent $13m raise isn't going to go very far is it? at least apc are keeping things lean and advancing on a much more modest budget - i know who my money is following.