I doubt there is much news to add, except that KRL should get paid its millions from Bayan soon/now, which hopefully will keep us afloat for another quarter or two.
Nothing will have happened at Mamahak:-
1. PPACoal has been engaged for Mamahak in January but is only expected to have most of its equipment on site by third quarter.
2. Work on the haul road is not expected to commence until second quarter.
3. They are looking for an exploration drillng contractor. It is possible this will be announced in the March quarterly (if they have found one). But mobilisation of the contractor will then take some time.
Nothing will have happened at GPK. They are 'hoping' to have their tender pack for the mining contractors completed this quarter.
Nothing much to report at Pakar. It looks like Bayan is still working on infrastructure.
KRL Price at posting:
14.0¢ Sentiment: None Disclosure: Held
