There are plenty of companies which have ASX please explain letters. Kaboko MINING has answered the questions - funding will be secured asap. My expectation is that there will be an announcement within the next 5 business days explaining in detail the funding arrangements for the future Manganese MINING operations.
There was another announcement today and we have just settled - subject to shareholder approval - to have 24 million shares issued for 24 percent of some outstanding Manganese projects. This is an absolute coup.
Not long until we get the drilling results and the debt financing agreement. These two announcements will confirm the future of the company and provide the impetus for the options to be in the money.
The strategic plan is unchanged (company announcements), debt financing just around the corner (company announcements), drilling results imminent (company announcements) and Sinosteel shipments by quarter end (company announcements).
Go Kaboko Go
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