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1.32%

7.7¢ kinetiko energy ltd

Ann: Proposed issue of Securities - KKO, page-7

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Veritas2000

13,383 Posts.

1082

09/05/21

11:01

Post #: 53044428
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Originally posted by Exceptional1: ↑

You missed the point of the announcement. KKO acquired an additional 51% of the project in place of those shares, no dilution as they have now doubled their value by going from a 49% owner of the project to 100% full ownership.
Also, there is $6.5m worth of those issued shares that have offset the value of the buy out in order to recoup the money spent by KKO over the past decade where the JV partner had not contributed equally. These shares will be sold to third parties at their discretion, putting more money back into the business, not diluting the SP.

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I appreciate a reply and qualification.

I wish you well with your investment

KKO Price at posting: 14.5¢ Sentiment: Sell Disclosure: Not Held
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(20min delay)
Last 7.7¢		Change 0.001(1.32%)		Mkt cap ! $110.3M

Open	High	Low	Value	Volume
7.6¢	7.7¢	7.5¢	$18.73K	249.4K

Buyers (Bids)

No.	Vol.	Price($)
1	186500	7.7¢

Sellers (Offers)

Price($)	Vol.	No.
8.1¢	37470	1

View Market Depth

No.	Vol.	Price($)
1	186500	0.077
1	88805	0.075
2	1007000	0.074
1	486751	0.071
1	10000	0.070

Price($)	Vol.	No.
0.081	37470	1
0.082	249999	1
0.084	190409	2
0.088	217143	1
0.090	25000	1

Last trade - 10.46am 13/09/2024 (20 minute delay)

KKO (ASX) Chart