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.
KRL Price at posting:
14.0¢ Sentiment: None Disclosure: Held
