KAU 3.23% 15.0¢ kaiser reef limited

Dred - I sort of disagree. Management bought an "uneconomic gold...

  1. 684 Posts.
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    Dred - I sort of disagree. Management bought an "uneconomic gold mine & plant" (proof of this are the 3 or 4 prior corporate wreckages that this gold mine & plant have delivered). Since the purchase 6 months of no revenue - and 6 months of god only knows how much cash burn? Basically KAU have bought a "care & maitanence" scenario - and the cash KAU may have currently I am concerned will not turn the current situation they face around. Any future capital raising will have be done at a big discount (to the current price) and this will overhang the market for a very long time to come. I am sort of concerned about this plan.
 
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