KOR 0.00% 0.8¢ korab resources limited

Ann: Korab assets strategy review , page-31

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  1. 13,316 Posts.
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    Yes personally was never really interested in LGH and MGH so perplexing that they are back in the stable.

    So it won't proceed progressing the development of Geolsec and Winchester we are told....given pace that has happened I can understand what that means I guess!

    Why do I still hold with 24 cents avg a small remaining parcel. I ask my self regularly now as dumped a fair few but should have dumped the lot but Geolsec kept me in this one which seemed so tantalisingly close to production but now have no clue as to when this will ever get into production given previous deadline of end of last year past with no new deadline given.

    Today's announcement makes things even more uncertain for me as that is now additional capital needed to develop mgh and lug and they ain't exactly awash with cash.

    Oh dear it seems korab have focussed on too many projects at one time IMO.

    This announcement has created just more confusion than clarity. Luckly my expectations on the announcement for this stock was realistically pretty low.

 
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