This mob have changed plans so many times. Chowa then Peco. Announce grades then backflip. Announce tranche 1 then start drawdown at a faster rate. Sino, no Sino. They have altered the terms of the take off. Nothing is set in concrete.
So, when I see that their is a "change" to the funding, i get concerned. They have and will move the goal posts anytime they want.
This could very well be a cost blowout, ie we neeed more funds. Or more likely a change in the payback terms. Meaning they cant meet the previously announced grades or output.
But, I guess we need to just wait and see. Maybe it will be positive, but it would be a first for KAB. Remember OKAP companies have never made a profit. So we have our backs against the wall.
KAB Price at posting:
0.4¢ Sentiment: Hold Disclosure: Held
