let me tell you a story about a gold company with $400,000,000 debt and a market cap of about $50 million in 2014. this companys assets were in solomon island i think , and papua new guinea which were going very very badly. they did have one great asset in australia producing positive cash flow. in dec 2014 the sp of the company was 11 cents and it looked totally screwed. frosty bought 400,000 shares at 11 cents on dec 24 for a quick trade. frosty sold them on the 28 or 29 dec for 11 cents as i thought they are going under. 18 months later the sp is over 3 bucks. the moral of the story is kbl can survive if it can get its mine making positive cash flow.
frosty
KBL Price at posting:
0.2¢ Sentiment: None Disclosure: Not Held
