I think people are holding off as they are in need of...

I think people are holding off as they are in need of funds.

However, there are multiple ways for the funds to come about. Taken from the announcements:
1. They note they will be finalising negotiations and gaining funds from an SA insto next month.
2. They will have converted gas to power and be in production with the 5 wells on ER56. I think this will be dollars in the bank for Q2.
3. As part of the merger with Badimo they agreed to withhold a portion of shares equal to the money Badimo owed to Kinetiko. They will then sell them to sophs. This is a significant piece of the puzzle as the merger increases the holding of Kinetiko by 100% without diluting the price, inclusive of those shares they can use to raise funds.

Buy now cheap as once any of the above are ticked off the price will certainly jump