Very tell-tale signs indeed, this Co doesn't wait until they completely run out of money before they raise. The timing of the raise is interesting however, I would have assumed it would coincide with Brunswick results (it still might), but it looks like Kaolin is the retail cherry at the moment.
Standard VWAP with 10-15% discount should she the raise in the high 4's, that is unless there is 'something' that the underwriters like that might see a raise 5c+...
If they are serious about the Kaolin, then my guess is $5m @ 4.8c which will be around 100m shares added to the 180m(ish) we have at the moment.
KGD Price at posting:
5.4¢ Sentiment: Hold Disclosure: Held
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