$11mil debt sounds more like what I was expecting. Damn the administrators ate into the dividend. But still looks ok long term with a posible buyer at $13mil. KGL would get the $3mil back and creditors would do well too.
I still think it might be better not sold. We cleared $11mil of debt for just $3mil. That must make the project more viable.
The creditors had no recourse against KGL, but I think the company did the right thing offering $3mil. But it wont save their reputation.
Its still a basket case. Jervois is too long term. And Andash is gone.
ann out: brace for pain - relisted, page-24
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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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| Last trade - 13.39pm 05/07/2024 (20 minute delay) ? |
| KGL (ASX) Chart |