good news coming soon, page-26

KGL is an RBS plaything. They have pushed the price up and down as they please.

We are investing in high risk end of the market. We accept those risks because of the return it might provide. Spread it over a few stocks, and if one or two come off we win.

If you had this(KGL), NKP and GGG for example. All with different political/sovereign risks and all with completely different(Cu/Au, PGM, REE/Uranium) but very valuable and discounted resources. Only one would need to become a producer to return handsomely.

Personally I havent risked GGG yet. Have only gone into NKP via NKPO for the leverage. Small investment but large exposure. And KGL heads, although I would prefer options if they came out with 12month expiry.

KGL may have been in this game awhile but they werent this advanced.

Do you think they would seek credit for nothing? And would a large insto like Macquarie waiste time on the deal? Yes their are get out clauses, but months of work went into that debt facility.

Excellent chance of proceeding, but as the current delay has shown, it would probably be wise to expect delays with the 12month timeframe to build the processing plant.

I would say excellent outcome if we get go ahead by July then 14months before production in Sept 2012(6months late). The market is definately factoring in delays. I dont think the market is factoring in failure. 15c is still a profit for many of us. If we were concerned we could exit.