Perhaps the recovery in KIK and the dip in NDO is because KIK is...

Perhaps the recovery in KIK and the dip in NDO is because KIK is now looking more secure (although a non-performing operator would likely see KIK loose their share of the acreage too - but the market does not see this).

Just want to put a theory out there. IMO KIK is most likely being pumped by Pattersons to ensure as full a takeup of the rights issue as possible. Don't ask me why they would keep doing this at cost even when the issue is well in the money and likely to be fully subsrcribed. They did the same to ARV and some other issues I was involved in. Once the rights issue was completed, the share price dropped like a tonne of lead.