Ann: Revenue Generation Recommences-KBL.AX, page-63

Beyond the capital raising already factored in? Are you suggesting more cap raisings? Note holder settlement and remaining creditor debt will be cleared with the remainder of the Pearce OP and the current capital raising which everyone is aware of.. The Pearce open pit is worth more than the debt on its own. Just a shame we have to give off 25% of it for cheap.

They reckon they are likely to get a further 7-10 years out of mineral hill - is that a lack of resources to mine? Plant is there, Pearce north is about 100 meters away from the current pit and it is likely to be extended shortly. The SOZ needs further work - the area is otherwise relatively under-explored. 14% of the tenements have been drilled and only 2% of that was at depth.

I think it is clear you don't like the debt on this one - maybe just not fitting the risk profile you like. Best move on perhaps? Not sure why you bought in to begin with if the above is your belief.