re: Ann: First Sale to Noble Group and Furthe...
The main issue why the market wont go crazy is the drawdown is well ahead of schedule, ie KAB are overbudget and needed the funds. Tranche B wasn't meant to be for another 15months.
Yes, they say it is to ramp up to 10,000t but that is the contract. They need to reach that target. It's not an added bonus.
The other concern is Noble are now buying the or at the mine site. They will handle the transport logistics which is great. But they will also pay significantly less for the product. Means it could take awhile to payback the $10mil.
Personally, i doubt $10mil is enough. Not now that we are already spending Tranche B. But atleast OKAP converted some debt into equity. And Celtic dont seem to be pressuring us.
KAB Price at posting:
0.5¢ Sentiment: Hold Disclosure: Held
