For what it’s worth I think this announcement may encourage some shareholders to take up the offer if they were 50/50 on it so a bit more cash might go in the tin. After the cap raise the only thing that will matter is partnership for Ecograph and/or financing approval for Epanko. I can’t see new buyers coming in without an announcement of that magnitude. there is no doubt that the story is good and the potential is there but the market is no longer interested in that. It is demanding deals that ensure production.
KNL Price at posting:
10.5¢ Sentiment: Hold Disclosure: Held
