But realistically, I'm expecting a bog-standard cap raise 1-2 mil with no new information.
What would be fantastic is significant capital raise from an interested party (cornerstone) at a premium of a few cps, but I just don't see it happening (hope I'm wrong).
I'm a fan of the company, but it's plagued by the same lack of transparency with shareholders as all listed companies. Based on the figures from last qtr, I can't understand what they would need the money for if finance was imminent. I wouldn't expect a raise for the equity portion prior to finance approval either, which is not mentioned in the halt announcement.
KNL Price at posting:
27.0¢ Sentiment: Hold Disclosure: Held
