KAB 0.00% 0.1¢ kaboko mining limited

resolution 2 from generak meeting, page-85

  1. 2,480 Posts.
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    Comment on JBs sharehpding...."Not very clever !"

    776-780m shares. Go to June meeting details, and to last ASX announcement prior to that to add the 2 lots of details together. Allow say .012c for $5m cap raising (if they are able to implement), there is usually a discount to actual, and 1.2c is a reasonable allowance. If you have a problem with 1.2, then try 1.4, but the end result will not differ a lot from the above. They have yet to raise, and behind their scheduled time to raise per their end of May announcement in reply to the ASX query on "not having sufficient cash to fund its activities". Hence the queries on their cash strapped situation right now, and what activities have been curtailed.

    And as is proven many days on the market, this stock is illiquid for trading, as there are many days of no trades, or trades for under $10 in total for the day.

    Your ramps trying to fit it with what is being said at the moment. and will change in a heart beat to fit in with another argument.
 
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