Unfortunately this update does not provide the market with any confidence at all. They continue to drill (expend $!), they fiddle on the edges with contracts and they state the project will commence when there is confidence it can be finished on time and budget. Some observations from me:
1. Most greenfields mines don't finish in time and budget.
2. Does KGL believe the WA / NT mining environment will be less heated in the 5 year term? Indications are that the copper, lithium, nickel boom is still in its early phases.
3. KGL makes no mention of the need to raise debt & equity which is still its highest hurdle.
Do your own research please.
Ann: Company Update, page-2
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| Open | High | Low | Value | Volume |
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Change
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| Last updated 14.31pm 07/06/2024 ? | |||||
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