More like 510 Tonne. It reads the slow boat to China "shipment arrived in Feb" How long does it take to nail down the offtake agrement?
Any upward spike would signal a positive announcement is about to go to print as those in the know, back up the truck to buy more shares.
Remember, approximately 83% of the rights issue was taken up by the Underwriters so they will be holding on to their shares tightly I guess, given the potential going forward. Fewer shares owned by individuals could mean fewer shares coming on the market - outcome, KABOOM...
Should Underwriters unload now, they will have made a substancial gain which could have been claimed by Joe Blow public had the had the balls. The flip side is any unloading by the Underwriters will surpress any potential upward movement.
Watch this space. Interesting times.
KAB Price at posting:
2.5¢ Sentiment: Hold Disclosure: Held
