Bit of a Catch 22 situation, looks like currently in short-term stalemate.
Nobody wants to buy because of the cap raising and the next stage of the cap raising is the Entitlement Offer at 1:6 @ 0.076c.
But the share price is currently under that level so who would?
What will get the SP up?
* News possibly at end of this month regarding Uganda (not sure about this, interesting to read of Kanywataba history)
* News due possibly end of this month regarding start-up of Kincora (really looking forward to this)
* The completion of the cap raising (at the end of the entitlement offer)
So, as I said, short-term stalemate.
AJQ Price at posting:
7.3¢ Sentiment: Hold Disclosure: Held