I am a little disappointed this happened. Was kinda hoping for a capital raise at 50c or above, just for dilution sake. Not too fussed, just glad I held on to all my shares through all the games. Sure if some existing holders were working hard to keep the price down, then they will work equally hard to raise the price when KNL reopens. Hopefully we'll see the new director Mr Park buying on market- just not sure he's able to do that in the midst of the upcoming announcements.
After Mahenge I think the drill rig is moving to Merelani-Arusha, i'm guessing close to where the previous graphite mine was sat (that Mr Park built). Looking ahead here but wouldn't it be good if they got mining at Merelani going again real quickly, to use cash flow to develop Ndololo? I expect getting things set up at Merelani would not be as time consuming or costly as capex on a new discovery given there as once a graphite mine there (not sure the plant/equipment still is tho) plus infrastructure, workforce, existing mines approved, etc.
KNL Price at posting:
40.0¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)