It is obvious that the announcement re 80m + 10m placement has been in negotiation stages for quite some time. So why wait until the dead period between xmas and new year to announce it? The timing could not have been worse if one was hoping for a significant share price rise.
The announcement should have put kbl price at 40c + but instead the xmas cheer left it in floundering marginally above the low point for the year.
It is eiither some clever strategic move setting the scene for a much bigger development in new year, or it was just plain dumb to expect a market on holidays to take notice.
I suspect it was the former and we may see more corporate activity with kbl in near future. It is interesting that the major financial institutions have not yet picked up on kbl potential. In any case i am guessing KBL management will undertake a road show to the major finance houses in the new year and if I am right, then the sp will get a big boost. However, the instos will want share placements and options so it is in KBL's interest to get the sp up and running in early 2012 before the instos put their hand out. This is my guess work - no info just suspect it.
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