APC 0.00% 0.1¢ australian potash limited

Ann: Oversubscribed Placement to Raise up to $3M Completed, page-35

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  1. WCJ
    230 Posts.
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    A couple of points to note:

    1) Don't recall seeing an announcement from APC saying drilling was delayed due to unseasonal rain

    2) Only recall this quote from Matt at the commencement of drilling
    2018-05-17_14-39-10.jpg

    3) I don't believe it rained for 6 months straight and the above statement does not tend to support that theory

    4) AC drill rigs are often track mounted and are successfully deployed over soft muddy things to do lots of drill spinny things without sinking.

    5) Do recall communication and announcements stating that they were awaiting the outcome of a targeting review prior to refining drill targets which appeared to be the major delay.

    6) Are you really implying that one should have to rely on reading neighbouring company's reports to keep up to date with what is happening on your own project? Not saying it's not good practice but I'm pretty sure continuous disclosure obligations are there for a reason?

    As an aside, my main issue like most here is with the timing and conduct of the CR not so much the delays in drilling. After Matt spruiking this crap in an earlier announcement I think I might pass that mirror on to someone else who might need it more.

    'This work has the potential to create significant value for shareholders as APC moves forward in 2018"

    I am assuming by shareholders he means those (including himself) who have taken part in the placement at 7c.
    Last edited by WCJ: 17/05/18
 
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