Morning William,
When you say "how can you say that" I am unsure whether there is some sarcasm from a frustrated investor. If so, I understand. But to respond, I say what I did in my post based on logical deduction and the fact that I don't see any operations any time soon.
At the moment KGL are far from production and the primary obstacle is capital. Even if the Board feels it has a viable project, they have to convince equity investors and debt financiers to invest. Just to keep the maths simple - if they need $250-million @ 50% debt to equity they have to raise equity @ the current share price of say 14 cents. That is almost 900 million shares to be issued. That is double the 454 million shares currently in issue. So to prevent yourself being diluted, you would have to chip in another 200% of your current holding.
Kind regards
Morning William,When you say "how can you say that" I am unsure...
Add KGL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
11.5¢ |
Change
-0.005(4.17%) |
Mkt cap ! $65.23M | |||
| Open | High | Low | Value | Volume |
| 11.5¢ | 11.5¢ | 11.5¢ | $834 | 7.248K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 50872 | 11.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.0¢ | 11435 | 2 |
View Market Depth
| Last trade - 16.10pm 06/05/2024 (20 minute delay) ? |
|
|||||
|
Last
11.5¢ |
Change
-0.005 ( 4.17 %) |
||||
| Open | High | Low | Volume | ||
| 11.5¢ | 11.5¢ | 11.5¢ | 4490 | ||
| Last updated 11.16am 06/05/2024 ? | |||||
| KGL (ASX) Chart |