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eddieaus

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17/11/17

08:46

Post #: 28878722
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Originally posted by KapotoDragooon ↑

@amac72 Kalia Limited only have AUD$208,000 cash in bank. How do they propose to pay for legal action bought against them ? Story in Buka is Kalia through their financial support had agreement with Central Exploration to subscribe for equity in their Joint Venture but did not perform and couldn't fund it. Kalia is to focus on northern ground while Central Exploration will focus on Panguna. It appears Kalia have run foul of the agreement somewhere. The exploration licenses they were granted were for the Tore Region in the North of the Island. I am not aware of the remedy sought by Central Exploration.

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Kalia raised $1.2 million last month.

KLH Price at posting: 1.9¢ Sentiment: Buy Disclosure: Held
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