Let history be your best guide of management’s future plan. The last off-take agreement allowed the EGT to take up a percentage of KNL. My suspicion is the new off-take partner wants the same terms, and this is why the capital raising request is broken up in a 10/15% figure (exactly the same as last time). To me, it sounds like the new off-take partner wants to buy part of KNL (10%) without causing a market distortion that would surely follow them buying them up on the bourse. If you wanted a cornerstone investor, my suspicions is this is exactly what’s about to happen.
While I do not like capital raisings, I believe we have less to fear from this one. It’s mostly about the off-take and giving the new buyer of the product some guarantee we won’t sell the product out from under them if another, wealthier buyer comes along. Plus it’ll allow them to enjoy the upside their money causes when it pumps into KNL. A win-win if you will.
This is only my opinion
- Forums
- ASX - By Stock
- EGR
- Kibaran - Epanko annual production doubled
Kibaran - Epanko annual production doubled, page-37
Featured News
Add EGR (ASX) to my watchlist
(20min delay)
|
|||||
Last
8.7¢ |
Change
-0.002(2.25%) |
Mkt cap ! $39.50M |
Open | High | Low | Value | Volume |
8.9¢ | 8.9¢ | 8.7¢ | $42.18K | 478.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 44000 | 8.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
9.0¢ | 99888 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 44000 | 0.086 |
2 | 18000 | 0.085 |
1 | 2500 | 0.084 |
1 | 60000 | 0.083 |
1 | 30000 | 0.060 |
Price($) | Vol. | No. |
---|---|---|
0.090 | 99888 | 1 |
0.091 | 103204 | 1 |
0.092 | 39999 | 1 |
0.094 | 10000 | 1 |
0.095 | 58100 | 2 |
Last trade - 15.36pm 09/10/2024 (20 minute delay) ? |
Featured News
EGR (ASX) Chart |
The Watchlist
AHK
ARK MINES LIMITED
Ben Emery, Executive Director
Ben Emery
Executive Director
SPONSORED BY The Market Online