The company would have done everything they could to prevent dilution. Remember RSK has 10 million shares and has resisted dilution for a very long time. I think they found themselves in this situation because of the 2 month delay in getting the rubber stamp for the opening and the consequent reduction in processed dore and cash and the approaching Taurus funding payments. They were thinking that the rubber stamp was a formality that would take no time at alI, certainly not 2 months. I don't think it had anything to do with the share price.
Ann: Kingsgate completes $46M institutional placement, page-168
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Last
$1.26 |
Change
-0.005(0.40%) |
Mkt cap ! $323.4M | |||
| Open | High | Low | Value | Volume |
| $1.25 | $1.27 | $1.24 | $240.7K | 191.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1920 | $1.26 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.28 | 7667 | 2 |
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| Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
| KCN (ASX) Chart |