Ill informed? Okay genius, put your money where your mouth is, because this is not going to start trading at 20c again with this CR in mind. All of our holdings have already hit rock bottom, and now they have been consolidated and this capital raising is going on, the shareprice will be devalued again. That's not being ill informed. That's reality.
The company's acquisition of FLE may change the scene of things, especially if there is steady news on the projects, but in the short term, my opinion above still sticks.
I still rate this as a buy (at the post dilution shareprice, or the public offer if it's at an attractive price) and am holding my existing holding, don't hate on me for being realistic :) At the end of the day, you can't do a public offering for 10c (assuming it's going to be a comparable price to the existing 7c issue) and then expect everyone else to continue trading at 20c, give me an example if you think it's happened somewhere else.
KSN Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
