Quarterly saying $27M in 'current liabilities.' That is because the $100M + we owe to Zurich insurance ($82M + interest) is not 'current' because repayment clause conditions have not yet been met. The company has been purposely vague about the conditions but you better believe the minute we turn a $1 profit that liability letter will be on the doorstep IMO. Ross even stated in the webinar that he has had several meetings with Zurich. If you google 'Kingsgate's cashbox'. The first article that comes up is an interview with Ross in 2019. He says in no uncertain terms that the entire amount is repayable.
KCN Price at posting:
$1.21 Sentiment: Hold Disclosure: Held
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