KRL 0.00% 14.5¢ kangaroo resources limited

19th hole rumour, page-2

  1. 1,069 Posts.
    True or not it's a very interesting rumour easysell. Easily verifiable that Low Tuck Kwong is a director of the Joodalup Resort which adds some credibility. Of course anyone wanting to make up a rumour could have found this out as well.

    It does seem a bit dumb to be spruiking your intentions to chase 700 odd million shares on market aggresively but who knows maybe he'd just imbibed a little and was feeling chatty.

    Just a thought but with the current cash situation and the slowness of the deal passing through he may increase his holding via a cap raising very soon. I'm hoping that the slow completion of this deal isn't some kind of tactic for Bayan to grab another couple of hundred million via a special arrangement raising to provide working capital to KRL.
 
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