Ann: Market Update on KBL Debt, page-31

I don't under stand the motives or thinking of KDR. Companies do some strange things but I cannot see them gaining an advantage unless they are acting as agents for Capri, and not even then.
However I have been having a look at A lode. They now have access to the lode at the 40M level. ..the grades each side of the cut average about 17% zinc plus lead over six metres width. They have a diamond hole about 170 metres higher showing about 40 metres of 30% zinc plus lead. These people are not fools. It should be possible to switch mining to this lode immediately and make $4M a month above current cashflow. This may involve switching current copper line to zinc which should not be a stretch. This is not optimal, but unless they have some financial support arranged shortly, it is an option which should work. I just don't think that the current management is so incompetent that they will let the loan default. The potential of these assets is too great.