capital raising, page-50

Unfortunately another thing to contemplate, tungsten APT price dropped to its lowest point since 2009 GFC this week as well (now sub USD 300/mtu). It is not so much of an issue of you are buying/selling (with some hedging) and simply making a margin, but without a margin, the appetite for equity into a company which has exposure to underlying tungsten sentiment (through their Mt Mulgine resources etc) will be tested currently.