waiting game, page-14

Typically, debt financing repayments are repaid on an essential basis only which means that capital raisings are not insane. Conversely, they are exremely good for long term and existing holders.

Drilling has been happening for months now and results are due prior to June 30. Kaboko MINING is in the initial stages of making the transition from explorer to producer and this costs a lot of coin. The 5 plus million will get us there according to the current costing estimates for the processing plant and ongoing expenses.

I am not surprised that the debt refinancing became too expensive and that an alternative route has been taken. Anyone who is estimating that there will be less that 1.5 billion shares on issue within the next 6 months will be dreaming.

From here:
Drilling results will exceed expectations in terms of quality, grade and volume of work undertaken.
Capital raising completed.
Processing plant constructed.
Production to exceed 20 thousand tonnes per month before year end.

As l have said time and time again, the drilling results are the real issue at hand as the cash will arrive in Kaboko's bank account and there will be no debt. High quality and high quantity Manganese is what we will see in the forthcoming drilling results and the share price will rise like KIWI67 has stated. My point of difference with KIWI67 is that l believe that KAB is not CCC.

The recent announcement will arguably cement the financial future for Kaboko MINING. I am extremely happy to be a shareholder and look forward to the drilling results.