Never believe a Public Company executive who verbally tells you they have no intention of undertaking a capital raise as they have no alternative but to lie if a shareholder is foolish enough to ask that question.
Having said that, I hope they repeat(in this month's Mar quarterly) their written statement in the Sep23 quarterly report released on 25Oct that stated: 'Kingsgate has no intention of going to the equity market in the foreseeable future'. It becomes a bit more believable when it's in writing. All we have to do is get to the quarterly release date and hope they don't bang it on beforehand.
It almost seems like the next announcement will be the quarterly report in two to three weeks time.
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