That cap rasing at 55 cents was down at a time when Kings was...

That cap rasing at 55 cents was down at a time when Kings was trading around 65-70 cents. Soon after the heavily discounted cap raising the SP took a massive hit.

These guys are churning through the money - they need another cap raising soon and you can bet you bottom dollar it will be at another heavy discount to where the SP is trading at the moment. So you you are potentially looking around a raising at the 10-12 cent mark.

I think the market knows this and is hanging back. The latest JORC announcement did not move the SP

When the cap raising happens the SP will fall again and you will be able to pick Kings up for even less...