KBL 0.00% 0.1¢ kbl mining limited

I have used the published numbers to analyse the company. I have...

  1. 393 Posts.
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    I have used the published numbers to analyse the company. I have used the balance sheet, the cash flow statement and the reserve and resource statements. I have then considered the time frame it would take to repay the creditors from cash flow and reached the conclusion that KBL has neither the reserves nor the grade to meet its obligations without further very significant capital raising. I am keen to know why you see it any other way.

    It's a serious question and if you can prove me wrong I will place a buy order for 50m shares.

    Please don't come back with statements like "the assets are worth this and that"...the worth of the plant is very very little if it doesn't have ore to process. Show me the money to repay the debts and if you think it can happen from the sale of assets, let's hear it, I will be out of action for about 5hrs or so but will eagerly check back in in the hope you are right and I am wrong.
 
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Currently unlisted public company.

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