"While there continue to be no material issues with the commissioning and ramp - up, the delays and therefore reduction in shipment volumes together with the volatility of iron ore pricing , has had a n impact on KML’s working capital funding position. "
Someone explain to me how there are no material issues, when one of the primary pieces of capital is not operational or performing up to spec?
Good news, sort of, with the financing - at least it means we wont go broke!
Probably a good buy now; for those with nothing held. Tempted to grab a bit to average down (at this level, a small parcel will have a big impact on my average), but not quite confident, not just yet.
GBG Price at posting:
9.5¢ Sentiment: None Disclosure: Held
