Just did a bit of research on the share holding of the new substantial shareholder, from last year’s annual report, they have added a minimum of 3.8 million shares, at what average price?, an educated guess approx 18-20 cents range. It would have to be a minimum spend of $750k, lot of money to throw at a 20 million market cap company IMHO, you would need some degree of confidence in the future of the company.
Ann: Becoming a substantial holder, page-2
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Last
15.0¢ |
Change
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Mkt cap ! $30.66M | |||
| Open | High | Low | Value | Volume |
| 15.0¢ | 15.0¢ | 15.0¢ | $17.26K | 115.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 36850 | 14.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.0¢ | 198850 | 2 |
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| KAU (ASX) Chart |