All good but some felt the placement was too low. They however do not factor in Mondays rise in s/p which was about 18% if I recall correctly. The announcement was sent to the asx before trading on Monday. So the placement was fairly valued going on last weeks trading, which is the context it should be seen in.
Day traders can get into trouble buying into a stock and then not having the funds to pay for it. When the stock resumes trading they have to dump stock to pay the bank.
Then panic sellers etc.
It may be a bit boring until next announcement, which is new drilling campaign.
KAL Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
