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08/08/16
09:48
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Originally posted by malay
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Check your facts, KBL 's assets is way in excess of its liabilities. The company is operating profitably due to high gold prices. Understand there is threat of liabilities however the recent restructuring of the debt is giving KBL space. It is high risk ,no doubt, by no means it is hopeless, on the other hand, confirmation of production will have the SP rerated in no time. At this level, IMO it could be worth speculating. DYOR
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Hi Malay,
How did you come to the conclusion that "assets are way in excess of its liabilities"
I have attached this link to the 1/2 year report
http://www.asx.com.au/asxpdf/20160229/pdf/435h4m2bqjpdhl.pdf
it clearly states that liabilities exceed assets...even with some debt reduction...there is no way that assets are way in excess of its liabilities