K2P 0.00% 18.0¢ kore potash limited

Disagree with your perspective. The South African's (Harlequin,...

  1. 28,706 Posts.
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    Disagree with your perspective.

    The South African's (Harlequin, EMC) financed the last $5M capital raising at 20 cents so it appears to be them and not the Chinese calling the shots about what price new shares are issued at and what amount.

    The current price fall has nothing to do with Chinese since the main seller has been Australian Patersons, who arranged the 18 cent capital raising. In fact,it is possible the Chinese may been buying yesterday.

    The South African's, original owners/vendors, appear to have deep pockets and their average price is now 30 cents. More dilution in their favour will reduce the Chinese interest.
    Last edited by ddzx: 26/08/15
 
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