KMN 4.00% 12.0¢ kings minerals nl

rights issue, page-3

  1. 62 Posts.
    You obviously having been following this company for long. There cashflow statement at the end of the Dec Qtr showed a cash balance of approx 600k. 3 months have almost passed and I would expect them to be down to 100k or so by now if thats not desperate I am not sure what is.

    Yes you are right hopefully the Directors and other top 20 shareholders will stump up for the rights issue and they may raise up to 2 or 3m but some of these shareholders may have had enough.

    The company needs more positive information to come out but I really don't see any for at least 9 months. With no money its hard to say much because all consultants and drill rigs are on stop work notice.



 
watchlist Created with Sketch. Add KMN (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.