Great to see more capital raised. Bit more dilution and could have been done again in 12 months at a potentially higher price however it's out of the way and now gives Kula some decent cash to make some decent progress!
Very interested to see what happens on the lithium front. 45klm from Greenbushes can't be overlooked as a big potential for finding a mineable resource.
Another lithium acquisition could also see significant gains in a very hot lithium market. I suspect with a comment like that along with raising more capital when they only just completed the placement, along with the buying we saw yesterday, that they already have a tenement they are doing due diligence on? They wouldn't mention potential acquisition to the market if they weren't already making progress on discussions IMO.
Could be a very exciting end to the year as we progress existing projects and buy new ones!
GLA.
KGD Price at posting:
2.3¢ Sentiment: Buy Disclosure: Held
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