News: APC Australian Potash Announces A Renounceable Rights Issue To Raise Up To About $5.2 Million..., page-9

OriginallypostedbyPovertyBoy

ThisisgoingtosurpriseanddrawridiculebutImalmosto.kwiththis.

Iliketheamount.IhopethisisenoughtocompletetheDFS.Ilikethatitisfullyunderwritten.5.2mill.

Itsalotofmoney,andclearlywewillhavePatersonswithaconsiderablevestedinterestwantingtoseethisgohigher.

8cents.A50%discount.Abigholewheremyprofitsusetosit.Iwonderhowmuchhartleyswantedtorortus??Perhapstheywouldntfullyunderwriteus?

50% discount?? Anyway after an 80% rise in 2 months and with not much cash left in the bank and a history of poorly handled cap raises,taking profit seemed like a good play.My only whinge is that I only sold 2/3's of my holdings.Unless it goes low 7's or lower I will likely subscribe for full allocation and then some.