FWIW my assessment is as follows:
1. Cap raising has not gone to plan, as reported in the article, causing the SP to drop as we saw before the TH.
2. IMO the unreleased early drilling results have been positive to excellent so KAR decided to delay the capital raising until the release of these results to assist in the CAP raising and specualtive good news stories about this venture.
So IMO Kar have done a great job in managing this issue as they have done with all other pervious issues.
I hope I an right!!!
article, page-13
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$1.71 |
Change
-0.025(1.44%) |
Mkt cap ! $1.373B | |||
| Open | High | Low | Value | Volume |
| $1.73 | $1.73 | $1.70 | $6.655M | 3.884M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 40998 | $1.71 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.72 | 77392 | 2 |
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| Last trade - 16.10pm 22/08/2024 (20 minute delay) ? |
| KAR (ASX) Chart |