Sino Agro Food Inc (fka SIAF)

[treit2002]

I certainly hope not.

If the shares go to $6 -- which is wildly optimistic in early or mid 2013 imo -- they are not going to all of a sudden triple their capex plans. Obviously, they cannot count on the shares being there.

Rather, the main hope for a bond raising or share issuance at a higher price is that the % of cap ex from equity goes down, even if the absolute dollar value of cap ex goes up.

I'd guess that $125M - $150M is a reasonable expectation for 2013. I imagine they sill publish this figure when they guide for 2013. Will be very interesting.