Kal is down because the directors stitch up the new shareholders by lining the pockets of Paterson's prefered clients ahead of the new shareholds with that big discouted placement.
When you a bidding up a stock like Kal which has a pile of low grade dirt, your not in the mood for someone else getting stock way below what you just paid. The only good part is the Paterson's clients probably didn't have enough time to flick it out in time before it went below 18 cents.
The punters went off to play elsewhere and it may take a good gold price rally before they come back.
By the way, where's good old chartist and true believer Martis? I miss his wildly bullish posts since he sold out.
I should buy, Na. I'll Keep playing over at FDL
KAL Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
