$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
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add KGL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
10.5¢ |
Change
0.005(5.00%) |
Mkt cap ! $68.05M | |||
| Open | High | Low | Value | Volume |
| 10.0¢ | 10.5¢ | 10.0¢ | $6.206K | 61.48K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 80000 | 9.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 30550 | 1 |
View Market Depth
| Last trade - 13.19pm 12/11/2024 (20 minute delay) ? |
| KGL (ASX) Chart |