10c issue is a bargain and I will take up my entitlement. What value is 1/2 an option worth, maybe 2c?, so shares cost 8c ea.
Price of options will be reduced significantly if bry buys u prospect. Example: 17.2m bry shares @ say 24c at time of signing, values u assets at $4m. Divide aprox. 100m kal shares(post issue) by $4m (value of asset disposal) = 4cps, so reduce kalo exercise price by similar. Thats 16c conversion price if deal goes ahead.
Oil, gas and gold assets plus nearly $5m in cash with a m/c around $12m post-raising seems like a cheap company.
Do others see it this way?
KAL Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
