Replies to post #29131 on Sino Agro Food Inc (fka SIAF)

[stolpen]

"I'm not aware of the actual CAPEX plan having changed. Poor market performance has more to do with additional share issuance than it does an increase in actual CAPEX."

Are you sticking to that? can you count? check what 10-13% in equity financing is compared to what ws issued then get bck to me


Viking i do think so but with possible 130m shares and no uppdates
and no warnings and no compliance to projections A/S can be 500m before yearend chad dont think its necessary to update capexplan so noone knows where it ends at all atm or at what price they throw shares away....

[treit2002]

the CEO also stated to expect similar share issuance in 2013 as 2012 unless alternative financing could be secured.

So did he mean that similar number of shares would be issued -- as you say -- or similar amount of money would be raised -- as you said in your earlier bullet item?

I would hope that having learned the lesson of poor market conditions diluting his eps more than expected -- as you point out -- he now retains some flexibility to secure alternative financing, or at least issue new shares opportunistically if and only after the FN listing and new and professional Swedish IR has the beneficial effect we all hope.