re: Ann: First Sale to Noble Group and Furthe...
KIWI, Perhaps I am as gullible as Noble. Noble is keen on the project....It is paying ahead of schedule without penalizing KAB....It is giving a helping hand to avoid massive dilution. They are in a better position than you & I to understand the economies of their venture with KAB. The problem is that we claim to have better acumen than a major....Modesty is a virtue. I admit that I don't have full grasp of the future prospects of KAB....But quite comfortable that Noble is neither pulling out the plug, nor leaving KAB to fend for itself & raise cash at detrimental prices. Remember we are talking about a mutt with a handsome MC of $5m.....Not a market darling by any means.
KAB Price at posting:
0.5¢ Sentiment: None Disclosure: Held