trading halt, page-8

I'm guessing we will raise 15m.

If we raise 15m at 75c, we will have an extra 20m shares on issue.

Even if Simon Milroy was Nostradamus and raised money @ $1.30- $1.40, we would still have to issue 11-12m shares.

So raising money at these levels is going to dilute holders by around 8% more than the best case scenario.

Considering the SP has almost halved from that point and we will definitely be generating cashflow after this raising, I think KGL will be a safe investment (as far as juniors go) following the raising and has the large upside of Andash which essentially has 0 value right now.

And if we can add value to Murchison through Gabinintha, that would be an added bonus. However the finalised phase 2 feasability study and the updated resource statement should give Murchison a significant boost regardless.