I have seen this before in KNL at 15c. It was capped. Not sure if they want it again capped at 40c OR want to push it down further. There might be a right issue coming for Richland JV. Remember, KNL has only raised 3M, so it doesn't have the capital to start mining at Meralani in case the JV is materialised. Richland will also not want to issue equity at the top end of the market. Until this is resolved, I am not expecting KNL to go higher. Nothing wrong with KNL itself, it is just a timing for re-entry again..
DYOR
I have seen this before in KNL at 15c. It was capped. Not sure...
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Mkt cap ! $45.40M | |||
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| No. | Vol. | Price($) |
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