KGL 3.00% 9.7¢ kgl resources limited

ann out: brace for pain - relisted, page-24

  1. 7,746 Posts.
    $11mil debt sounds more like what I was expecting. Damn the administrators ate into the dividend. But still looks ok long term with a posible buyer at $13mil. KGL would get the $3mil back and creditors would do well too.

    I still think it might be better not sold. We cleared $11mil of debt for just $3mil. That must make the project more viable.

    The creditors had no recourse against KGL, but I think the company did the right thing offering $3mil. But it wont save their reputation.

    Its still a basket case. Jervois is too long term. And Andash is gone.
 
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