If we attempted to raise $5m and only raised $1m, I would...

If we attempted to raise $5m and only raised $1m, I would consider that a failure. Whether or not I would consider KNL a sell would depend on the fundamentals at the time.

I think the SP will go above 20c. I also believe that is more likely we’ll see 20c than 10c. I guess we’ll have to wait and see in which direction the SP goes.

If there is another black swan event in Tanzania I think that’s a reasonable assumption that will effectively spell the end for KNL. The same could be said for any company in any country or industry sector.