" No matter whether you are negative or a positive here, this event will see this stock go up."
Agree we could see another pump and dump like today. But it shouldn't in itself create any meaningful re-rate as its bloody obviousy that the license is in order. It's just a formality.
The other condition precedence and asx waiver and shareholder approval are still more significant in getting the meaningful/sustainable re-rate. Then when the modular $1.5mil plant arrives and is installed we might see another re-rate.
I assume the original poster who was suggesting a $2.5mil cap raising was to extinguish the OKAP loan?
ZAM is a good read for the contrasting approach they have to MN mining in Zambia. They highlight some of the issues ahead of KAB.
It was a strange day. Ann pre-open. Opened flat. Then people digested the news and it spiked. Then people realised it wasn't anything new and it dropped. Not sure why their was the initial pause on open.
Alot of small trades, and some cross trades. Mainly traders and the lost for once today. But the games may not be over. LT it was just noise. Volume was huge for KAB.
KAB Price at posting:
0.9¢ Sentiment: Hold Disclosure: Held