The market knew that kgl had this raising planned so that should help hold the stock up to some extent knowing the uncertaintity is gone.
By my quick calculations on current 20c price gives 5x 20c+ 3x13c = $1.39 /8 = just over 17c.
Take into account dultion from placement gives a price around 16c.
I would think any buying under 16c is a good buy depending on overall market and gold price of course.
More drilling results are due and construction starts first quarter next year.
3 000 000, page-38
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