16th January is our full close date now. Then, we'll have about $12m cash, with $2m to be spent on exploration. The $10m cash balance could take us a long way in this market. The presentation was very comprehensive- not many tiddlers communicate so much to the market about their assets and intent. I note that there was quite a protest vote against remuneration, and with the presentation discussing Bergen at length, I suspect some long-term holders were very unhappy with that arrangement. If this ANB stuff goes through, we won't have to rely on predatory lenders again. I like this management, I've spoken to Allan Branch, and I like the way they speak about each other as colleagues. I wonder what disaffected shareholders were expecting in this market. At some point, when the deal goes through, and we may have some volume, I hope they'll sell.
KRB Price at posting:
5.9¢ Sentiment: None Disclosure: Held
