You're mistaken about the CR - it was not a placement at 1c was...

You're mistaken about the CR - it was not a placement at 1c was an underwritten rights issue open to all investors on 3:1 basis. The CR had a high shortfall, which then went to Lee/Kwok as underwriters.

Bowman came into KMC in the Nov 11 raising when Daws was trying to get a plant financed but as it turned out Bowman was dudded by Daws just like everyone else. He was one of few to take up his rights in the 2012 CR.