I can see a share placement coming on this one...they have no...

I can see a share placement coming on this one...they have no money in the bank to finance their plans in France, and that pump and dump has set it up beautifully for a placement at 10c.

Looks like the traders will get burnt on this one with plenty of big buying having ocurred between 11c and 14c.

KBO's plans might be sound longer term, but after the placement there will be a deal of digestion to be done and LT holders can only hope it remains above 10c.

If you are still on the sidelines with this one, I think you will have plenty of opportunity to buy in after the share issue is done.

Coop