This is a great sign that the directors still chose to invest $80K in this placement even though the price they had to pay is 60% higher than the current share price. I presume buying on market wouldn't be available to them presently anyway, but the EGM could have been pulled if they didn't fancy paying overs.
The fact they were still keen to, suggests very high confidence from them, that KPO is going to deliver soon and that they consider buying at 0.8cents to be extremely good value.
Lets hope that TwelveSix can close a deal soon on the sale of Saddle Hills and or the two non-core CCS projects and that directors and shareholders alike can be rewarded for our patience!
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