KMN 4.00% 12.0¢ kings minerals nl

I would not be surprised to see this Rights Issue fully...

  1. 13 Posts.
    I would not be surprised to see this Rights Issue fully subscribed or very close to ($5M). From there the sky is the limit for the future.

    As for continuing support, I gauge that on Norm putting up about a $mil with his right entitlement plus the shares purchased from Dudley. Not to mention the other directors and execs.

    I could not see the company being desperate for cash and having a rights issue on deaths door, particularly with a 6 week turnaround period to cash. They are not silly, I'm sure there is a plan behind the scenes.


 
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