I actually saw today as reasonably positive. Atleast volume returned. The Celtic CNote was extended until March 31st so some downward pressure from that and they already haves shares to sell and push vwap lower.
The Cnote needs to be extended or repaid and market updated to remove the pressure. Not sure if they have the cash. Noble money is needed for the plant but maybe the extra $600k they raised is available for debt reduction?
The sp doesnt correlate with the publicly known information on the Noble deal. So either market has it wrong or some of the finer/confidential details are unfavourable?
KAB Price at posting:
0.8¢ Sentiment: Hold Disclosure: Held
