Ann: AUSTRALIA'S FIRST FIELD EVAPORATED SULPHATE OF POTASH, page-5

A very good announcement from APC and should bode well for obtaining a good price for a high quality product. I think APC have some very high quality projects. As much as I like the projects, after being a shareholder previously I managed to recover my money on the recent share price rise. I bought in at what i considered to be a very good share price. However, I got severely burnt by the last capital raising that followed (along with a lot of shareholders). Maybe its my lack of understanding of the capital markets and raising equity but I still don't understand why the last raising was at 7c and then to make things even worse, giving away free options to go with it. As much as I really like the APC story and project development (and still watch with a keen interest), I can't see myself having the courage to buy back in again, which is a real shame. I really hope the potash and gold projects are winners and there is much success to come, but as they say, for me, I'M OUT!