Australia's largest stock trading and investment forum Australia's #1 stock forum

KAS

Click for more information

0.00%

1.5¢ kasbah resources limited

Very good point about the director buying Nord. It does look...

First 47 Last

Share
Profile

Follow
Bonehead1000

3,690 Posts.

17/07/14

09:52

Post #: 13672119
Share

Originally posted by nordesmic ↑

Welcome aboard Whisky. Given the director purchased his $30K mostly at 8.5 cents he probably doesn't expect a capital raising at a lower price either.

As I posted earlier on, even $10-15M raised at these prices would ruin a lot of the hard work done by the company. I expect there is probably around $5M in the kitty at the end of June with the TT T3 payment. That theoretically should last until a financing package is agreed (assuming they stick to the timetable of December, a big assumption).

I do see a possibility of an interim cap raising if a financing package take longer than expected, and they usually do. That could be through means other than a new share issue such as a small off-take deal.

Expand

Very good point about the director buying Nord. It does look like he has some confidence that this is cheap and is unlikely to get cheaper through a discounted placement.

KAS Price at posting: 8.3¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

MiningNews Select Conference: Look further afield for funding projects, advises Rick Rule

SRX

Worker dies at Sierra Rutile mine

ASX Market Close: Index gains 1% after interest rates pause | June 18, 2024

ASX Market Update:

SS1

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

There are more pages in this discussion • 7 more messages in this thread...

First 47 Last

Add KAS (ASX) to my watchlist

SPONSORED BY