What is a postive, is the knows it is going to get $3M in cash soon and it has also eliminated its toxic waste (convertible notes) on attractive terms. RASL got razzled up the old koyt,
There is new ground to explore in Norseman and a few high value targets alreay identified.
We dont know much about the ground these blokes are bringing with them but lets hope KAL is getting fair value.
I've gone from thinking the new boys would be getting all of the rights in their lap to thinking they now look good vale and many shareholders will take them up.
Company looks better since Friday I think. ee how it trades tomorrow. Paterson clients should now take the opportunity to average down as we have seen the bottom and they got burnt on the 18 cent raising.
KAL Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
