IMO the SP of APC is artificially low due to the recent placement
The stock traded the bulk of the year at 10-12c, and tried on several occasions to push higher as Yamarna drilling drew closer
It is now at 7c, despite the progress on the Potash front and the first 6,000m of drilling at Yamarna being complete with assays pending
GOR are doing a 163,500m $23M drill program at Yamarana, so there is huge confidence in the grounds
So whilst the placement has left a sour taste in the mouth and a lacklustre SP, fundamentally speaking, it shouldn't last long
We are only 1.8km away from GOR's bonanza strike at Corkwood + have some of the best potash assets on the ASX. For new comers, 7c or $20M cap is a gift IMO
IMO the SP of APC is artificially low due to the recent...
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