Ann: Half Year Accounts December 2017, page-5

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vontrader

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11/04/18

08:26

Post #: 32364652
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Originally posted by Eqz ↑

"The directors have prepared a cash flow forecast, which indicates that the Group will have sufficient cash
flows to meet all commitments and working capital requirements for the 12‐month period from the date of
signing this financial report."

Spent my Sunday reading up on APC and potash in general, I like what I read and I think agriculture is going to be a strong sector as world population increases and demand for higher quality foods increase.

With APC being at the forefront of Australian Potash industry and expecting a cash positive return in 2020, while holding the largest JORC defined resource at 12.7M tonnes, I am trying to find a good entry price into this stock.

I noted the recent placement for $5M at 0.10c though I am trying to get my head around the companies current financial position, appreciate any help and clarification anyone can provide.

Q4 shows $1.8M on hand after so cash from the last placement looks to be depleted and now operating mostly from the R&D grant? The BOD seem confident they have enough cash to last another 8 months. Staff and admin costs are around $135k per month so 8 months operating takes to around $1M which does not leave much left over for what the company are planning for the rest of the year..
- Adding x2 test production bores, license expansions, trial SOD's etc..

My thinking is they sell of the Yamarna gold project after assay results to boost cash reserves or they are due to do another placement shortly. - Thoughts?

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Personally I don't think they will sell the gold, more likely spin it off as an IPO to raise some capital and self fund it that way, or alternatively approach GOR for a JV pending the outcome of Yamarna assays

With GOR doing 163,500m next door, and APC doing 23,000m, there will be plenty of eyes on both companies over the next few months

IMO once APC are drilling, this will kick 12.5c+

APC Price at posting: 9.8¢ Sentiment: Buy Disclosure: Held
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Ann: Half Year Accounts December 2017, page-5

Top Stories

Chaos reigns markets – so let's take stock of where we're at ahead of December

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game