KTA 5.88% 1.6¢ krakatoa resources limited

Bargain of a lifetime, page-4

  1. 4,715 Posts.
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    With the options expiring out of the money, approx 64 million shares on issue @ 6.6c....market cap circa $4.2 mill.

    Does make it look a bargain, but obviously with only $150k or so left in the bank soon, so a CR is a cert.

    Issue another 60 mill shares at around the current levels and raise maybe $4 mill. Still a low number of shares on issue and still a MC of only $8 mill, with $4 mill cash.

    That would make them look pretty attractive in my view.

    But do they have enough in their projects to get interest in a raise?

    I've inky had a cursory look, so please feel free to correct mistakes?

    Milesy
 
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