Rights issue opened today.
I've been surprised that the share price recovered yesterday to the offering price after last week having traded at a discount to the offering price, also the buy side depth has increased significantly.
Like the last raising, I expect that a large number of shares will go to the sub-underwriters. The support of large holders and directors is impressive.
In terms of the regulations/legislation side I am thinking we could see these finalised this quarter so quite possibly a funding deal announced soon after. If so this may well be the last CR by KPO.
I note from updates and quarterlies that KPO did not curtail spending on project development, or if they did it was only negligible as cash burn appears to be unabated, which means that when funding does come we would be well down the path of pre-FEED activities so they would be able to move along quickly to FID and construction.
Ellis 1 & 2 were originally slated to be finished in 2028 with Alsike and Gilby in 2030. Given the progress to date I am figuring 2028/29 for Ellis 1 & 2 and no change to Alsike and Gilby.
- Forums
- ASX - By Stock
- KPO
- Ann: Fully Underwritten Rights Issue
Ann: Fully Underwritten Rights Issue, page-4
- There are more pages in this discussion • 8 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add KPO (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $8.702M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
18 | 17617998 | 0.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.4¢ | 1868700 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
18 | 17617998 | 0.003 |
5 | 14650000 | 0.002 |
6 | 26600000 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.004 | 1868700 | 1 |
0.005 | 9189505 | 11 |
0.006 | 1099007 | 2 |
0.007 | 43125 | 2 |
0.008 | 2536178 | 2 |
Last trade - 16.12pm 05/06/2024 (20 minute delay) ? |
Featured News
KPO (ASX) Chart |
Day chart unavailable
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, CEO
Anthony Noble
CEO
Previous Video
Next Video
SPONSORED BY The Market Online