re: Ann: KRL and Bayan update DD and completi...
I might be missing something here about the valuation but dated 8 April 2011 announcement.
KANGAROO REPORTS UPDATED 3.15 BILLION TONNE JORC RESOURCE STATEMENT ACQUISITION TARGET INCREASES RESERVES BY 381% Key Points: Updated JORC Code Coal Resource and Reserve Statements released for Pakar, Mamahak and GPK Projects for regulatory and due diligence requirements as part of Pakar/Bayan transaction Updated JORC Code Total Coal Resources of 3,019 million tonnes1 for the Pakar Project, comprising: 111Mt Measured Resources, 1,092Mt Indicated Resources and 1,816Mt Inferred Resources, inclusive of Total Open Cut Coal Reserves of 442 million tonnes1
Turn that into dollars and cents and you are talking KRL are doing well. Plus the infrastructure Bayan are bringing in and yes they will control KRL's future. It is a "win-win" for both sides. Bayan also have a large share of all the other assets of KRL.
KRL Price at posting:
14.0¢ Sentiment: Hold Disclosure: Held
