G lode sampling confirms high grade gold, page-22

Agreed. I topped up my holding recently, above the current SP and my average buy is now below 3c. Like you I dont need to add anymore.

Management has generally been conservative with their announcements and have looked after the small shareholders. They have had cost overruns and the MD has been replaced. As they get experience with the new mill additions we can expect a string of announcements, most of which should be positive. Similarly drilling results may be announced as is appropriate and they may be good or bad.

The chairman has plenty of skin in KBL so will want to minimise share dilution. My understanding from previous announcements is that there is now a facility in place so that funds will be available if needed, but this will only result in further dilution if cashflow is below expectations and so additional funds are needed. It is a flexible win-win situation as KBL becomes cashflow positive.