If you have been watching from the sidelines you will have noticed two facts.
One, this company has lost nearly 100% of its market vale since a high of 37c in 2011. The trend has been downwards since this high.
Two, this company continues to "raise" money to pay the bills for a project that is reported or promised to be profitable.
From these facts two conclusions can be drawn.
One, the promises of management keep sucking in buyers. At the current rate, KBL will be non-existent in the next 3 months unless there is a dramatic turnaround in company's spending habits.
Two, this project is not profitable based on the current management structure and production profile of the mine site.
I do have one question, why isn't the underground currently being developed/mined?
If you have been watching from the sidelines you will have...
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