KAB kaboko mining limited

Ann: Results of Annual General Meeting , page-19

  1. 7,746 Posts.
    "how about those other loans??"

    You know about Celtic. I've explained it was post annual report.

    "Why diverting the attention that the sino money is not due in December now after the extension of finalizing date of the agreement till end of January!"

    Presumeably you mean Noble. I think that is part of why nobody is addressing your question. It made no sense.

    Why should we focus on an event in January, when the imminent event is December? Clearly we need the loan sorted before worrying about Noble. Otherwise Noble will be dealing with our administrator.

    Best outcome, assuming we get the Noble money, is that the December loan can be rolled over either for 12months or just until Noble comes through. And ideally pay Celtic out cash rather than shares. But that's a big chunk of the $5mil first tranche. Would leave enough for the plant but not drilling.

    But dreaming of best outcome is pointless. It's the uncertainty. KAB need to address it asap. Market is nervous. Either cr and payout the loan or extend and announce. Otherwise it's an elephant in the room.
 
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