Will be over the next month to 6 weeks I would guess. The cashburn rate is going to start accelerating as they get more active with their drills and their narative, also over the next 6 months I believe we will see a proposed change to director remuneration etc.
The last CR was just $1m to one party in Perth, out of the blue, this time around I'd say it will be $5-$10m but that's just a guess based on active projects and advertised forward plan which should see them through the next 12-18 months without any new projects popping up.
It's funny how about a week before this spike a sudden influx of posters on here turn up spruiking all sorts of BS, there will be a big shift from Insto/Director to retail hands over the next 12 months I believe, it has already started.
Just my personal opinion, have been holding for over 12 months and watching the activity with a keen eye. The new Kaolin discovery is all well and good but we need to remember that this management is green as with no runs on the board, anything can happen.
KGD Price at posting:
5.8¢ Sentiment: Hold Disclosure: Held
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