Ann: Change in substantial holding, page-6

At this price yes looks cheap however 2bil shares on issue. At 20:1 consolidation becomes 100mil shares at 8c/share. Given KNL has 117mil at 55c this still sounds cheap with nearology and previous drilling results. The big players are buying with 11.8% of the company bought in the last week at 0.3c then 0.4c. They say buy, you need to decide yourself.

Your other Q - At the end of year if bad news be back to 0.1c. If ok progress maybe 0.5-1c is fair. If positive news re: resource and grades then 2-3c is fair. We are all hoping the latter obviously.

Go through the ann's and dyor and only invest what you can afford to lose.