As mentioned, this $500K was the 'first tranche' - they can now keep the SP low if they want, until the next one. For working capital too.
Can easily wear down stale holders, especially with the lack of material progress updates - we now see more sizable bids, but they're still lower than stale holder averages. Win-win for them, capture stales and keep the vwap lower (averaging in), all while folks wait for updates on anything.
The only good thing is that at least someone is interested and patient enough to go to the trouble.
I do wish I could attend the AGM...
KKL Price at posting:
3.8¢ Sentiment: None Disclosure: Held