went to the agm and met a few fellow shareholders and directors. the SPP is very heavily oversubscribed and no, the company is not going to hang onto the refund for 12 months.
everyone seemed very upbeat although no new information out.
from my experience with agm's, they want to close off the previous year as quickly as they can and kasbah was no exception.
then again per my experiece, out pops some new information within a few weeks - it remains to be seen if this will happen with kasbah.
mr market seemed to like the result as sp jumped 2c today [the 2nd tranche of hartleys = approx 56m shares dilution], yet sp went up. this is a pretty big tick by mr market and on a day when asx was flat at the end
KAS Price at posting:
37.0¢ Sentiment: Hold Disclosure: Held
