KGL 1.00% 9.9¢ kgl resources limited

good news coming soon, page-43

  1. 7,746 Posts.
    US$50mil (as per 21/3/2011).

    Pretty much all conversions locked in at above parity. So we did well. If we miss out on an extra few percent its no biggy.

    I actually spoke to the company last week. They mention we still have an option to acquire 100%. I would certainly stay away from that until the minority interest issue is resolved. Right now we are basically protected from that side issue.

    Going by that, I suspect the government arent interested in being partners. But hopefully they are still onside.
 
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