KOB koba resources limited

Ann: $4.0 Million Placement to Expedite Exploration, page-3

  1. 3,770 Posts.
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    usual blather about how rad it was

    positives are the small premium to recent lows, options @ +100% placement price

    negatives are SOI increasing nearly 50% after options (76M + 33M)
    15c SP excluding options = now ~15M cap, from 11.4M
    30c SP including options = now ~33M cap, from 23M
    (figures based on HC market cap data and this ann)

    "strategic investors" seem to have gotten in even before rock chip assays, which is poor form, IMO. Could have easily reached 20M cap before raising, and saved everyone a lot of dilution. Just by waiting a few weeks.

    of course, fully funded for lithium exploration now blah blah blah, but didn't we just raise for the lithium projects 5 mins ago? Ah but "expedite". Looking forward to the expedition plan.
 
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