Yes, it might reach a point where the best value to shareholders is to delay further and let Burnakura pay for Andash. We have a bit of cash and access to $50mil debt to get started. Then cashflow and a small raising maybe.
Their are two different angles to look at the currect situation:
1. The government have clearly sided with locals.
2. The government clearly support KGL and want the project to go ahead. They need the money. They could have knocked it on it's head and haven't.
I think we should be content that we still have a chance.
and simon says, page-5
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Last
11.5¢ |
Change
0.010(9.52%) |
Mkt cap ! $65.23M | |||
| Open | High | Low | Value | Volume |
| 11.0¢ | 11.5¢ | 10.8¢ | $6.218K | 56.29K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 77340 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.0¢ | 242684 | 1 |
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| KGL (ASX) Chart |