post-issue share price 0.165, page-15

nathanblack: "For a new investor considering buying KGL, the attractiveness is less now."

That's true but that's because it's been de-risked to a great degree. Those of us who bought below 10c took on the greatest risk (no funding, election uncertainty etc etc).

It's like that with all growth stories nathan. The early birds get the greatest rewards in percentage terms if the story unfolds positively.

So, less upside now but more certainty. Some investors I know only invest when the risk is dramatically lowered but then put more dollars in. Less percentage gain down the track but in terms of $$$ profit, probably not much difference.