Yeah I have been a big fan of the work they have done over the past 2-3 weeks, everything positive IMO. They've been ticking every box that I could have asked for in tough conditions.
I would absolutely hate to have our support for this company repayed by them diluting our holdings without good reason. Especially with 20+ million in the bank and with cash flow starting now it seems like a strange time to be doing this.
In general though, I think the management have done a good job personally, so I hope that they continue in that vein. I think they have to be aware that doing this, without justification will tank the price further, and I don't think they would do this without cause*.
*All pure speculation.
trading halt, page-5
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Last
11.0¢ |
Change
0.005(4.76%) |
Mkt cap ! $62.40M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 11.0¢ | 10.5¢ | $23.11K | 219.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 25493 | 10.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 65106 | 3 |
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| Last trade - 16.10pm 16/07/2024 (20 minute delay) ? |
| KGL (ASX) Chart |