Ann: Capital Raising Update - Placement and Rights Issue-KAI.AX, page-8

On first read I think this is a good announcement for existing shareholders , we get to participate through rights issue and also our oppies are now half price , previously it's all been about dilution to "mates" but we now get to participate in the main course and desert.

At the end of it we will have-
* >$6m in the bank
* circa 335m shares and 140m options
*mc of about $14m

Let's get it done , drill these projects for the next 3-6 months and raise another $14 mill this time next year with SP > 20c using options.

I'm intrigued with the rights issue , great for existing shareholders, I take from this that they are going for broke with a very aggressive exploration plan and want to see loyal shareholders rewarded

Well that's what I'm hoping for , for what it's worth I'll be taking up my options and rights issue in full, what the hell the risk v reward is to good to let go

Good luck all