I dont think any of us like KBL much right now, mainly due to the ongoing dilution.
Only in Feb and early March could they have done a CR above 2c and at that time the Mill was not operating properly so I dont think a CR was on the cards. The initial convertible notes and washing of the issued shares knocked the SP and the haul road collapse brought it down to where we are now. Well the road is repaired and the Mill is operating again at full capacity.
We need some good news and an SP rise to minimise any further dilution.
As I see it issuing shares rather than convertible notes with options is an improvement. The rights option issue was good for shareholders (and not before time).
GLTAH DYOR
KBL Price at posting:
0.5¢ Sentiment: Buy Disclosure: Held
