Cal.13 Sorry for the separation from your post above but the system is not functioning with that link.
Or sell for $20m (plus) and wait as the other option if you believe the wharf will ever get built if approved or that it would have value if built. Any value for others is most unlikely. There is already talk that T-Ports have their leg in the door now with the Kingscote barge operation and will establish (steal from Sealink) a large chunk of island freight business by going direct Port Adelaide to Kingscote. This must be very attractive to the SA Govt as it takes the pressure off upgrading the road to Cape jervis - not exactly a best practice road and not cheap to augment.With just ".......cash at bank and insurance receivable of $36 million and subtract tax and creditor liabilities of $8 million....." (Ta Falcon 01 above), KPT are going to have to borrow (or CR) to build the wharf alone, and then borrow again for harvesting the fire damaged, O & M, and those director's fees.But Cal 13 the suggestion that a SB port approval is worth something might be worth something and a fair comment to contemplate. What do you suggest it would be worth?
KPT Price at posting:
$1.07 Sentiment: Hold Disclosure: Held
