Let me start by saying I am a holder and a believer.
Problem with Kab at the moment is that whilst it is ticking the boxes along the way, it has nothing completed.
Still needs to:
build the processing plant do more drilling produce a valid JORC confirm it can produce and deliver the product affordably secure the balance of Tranche A funding generate income.
Realistically this will (if it happens) take atleast 3-6 months to do. While we all (some atleast) want the share price to rise as fast as SIR it just wont happen.
If and when all the above takes place without another cap raising or further dilution, then and only then will we see KAB have a much better share price, we may get little spikes along the way as things start to happen.
Remember that this a huge amount of holders who will dump as soon as they get close to breaking even, so don't expect a run for some time and until they are all out.
As per normal this is only my opinion and as always do your own research!!
ps not related to KAB, but, be carefull with your investments, it is the SPP and Cap raising SEASON for all small caps.
KAB Price at posting:
1.5¢ Sentiment: Hold Disclosure: Held
