KAI 10.0% 0.9¢ kairos minerals limited

Ann: Capital Raising Update - Placement and Rights Issue-KAI.AX, page-8

  1. 1,041 Posts.
    lightbulb Created with Sketch. 505
    On first read I think this is a good announcement for existing shareholders , we get to participate through rights issue and also our oppies are now half price , previously it's all been about dilution to "mates" but we now get to participate in the main course and desert.

    At the end of it we will have-
    * >$6m in the bank
    * circa 335m shares and 140m options
    *mc of about $14m

    Let's get it done , drill these projects for the next 3-6 months and raise another $14 mill this time next year with SP > 20c using options.

    I'm intrigued with the rights issue , great for existing shareholders, I take from this that they are going for broke with a very aggressive exploration plan and want to see loyal shareholders rewarded

    Well that's what I'm hoping for , for what it's worth I'll be taking up my options and rights issue in full, what the hell the risk v reward is to good to let go

    Good luck all
 
watchlist Created with Sketch. Add KAI (ASX) to my watchlist
(20min delay)
Last
0.9¢
Change
-0.001(10.0%)
Mkt cap ! $23.67M
Open High Low Value Volume
1.0¢ 1.0¢ 0.9¢ $2.455K 250.5K

Buyers (Bids)

No. Vol. Price($)
14 3759779 0.9¢
 

Sellers (Offers)

Price($) Vol. No.
1.0¢ 518919 2
View Market Depth
Last trade - 15.12pm 11/09/2024 (20 minute delay) ?
KAI (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.