I would think that too, it's not necessarily a bad thing though. Possible that someone wanted to get in before they presented if they believe there could be lots of interested parties. A placement to a soph/insto at or near current SP would still be bullish.
I'm not convinced there will be a CR, just keeping the arguments balanced. Would be great if they actually meant results were 'imminent', but history has shown that this term is used very loosely by ASX listed management teams. Let's await the TH request for any mention of CR or results.
APC Price at posting:
9.5¢ Sentiment: None Disclosure: Held