KAB 0.00% 0.1¢ kaboko mining limited

The Noble debt is no concern...It is more of a forward sale than...

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    The Noble debt is no concern...It is more of a forward sale than debt....it could be paid off within a year if this production is maintained.
    The only debt remaining is the OKAB ( $700Ks) + the Celtic notes ( $1m)
    KAB currently has 760m share ( after the partial conversion of $1m OKAB debt)....Expect further dilution to around 1.2bn shares ( assuming conversion of remaining OKAB loan + Celtic notes + a small Cap raise)....Fully diluted MC $5m with only the Noble debt to worry about.....Doesn't look too expensive for a producing outfit with secure funding.
    More than comfortable holding & buying more @ 0.004.
    Mn prices are expected to be strong through 2014.
 
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