I have followed longer than you think Opportunist, that I can assure you. That is why the issue of cash and the now management do not worry me in the slightest.
Yes they have little in the tin, or do they - have you asked this side of Dec??, but the tides will turn soon enough now. We must remember the entire world is tight on cash, the junior mining sector is the tightest and Kings are doing well just to be around let alone achieve what they have with the cash they could get.
With the rights issue attaching a "short fall allocation" you will see many take up more than their 1 for 5 entitlement at such a discounted rate. The tin will be full soon enough from loyal shareholders and dillute the non loyal shareholders.
Like Bolkin, I choose not to take a pesimistic view on the stock only having faith in the future. If you think otherwise, and I note your "sell sentiment" maybe you should do just that as it is a market for buyers and sellers.
Richie.
KMN Price at posting:
11.8¢ Sentiment: None Disclosure: Held