$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.
ann out: brace for pain - relisted, page-24
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Last
9.7¢ |
Change
-0.003(3.00%) |
Mkt cap ! $55.02M | |||
| Open | High | Low | Value | Volume |
| 10.0¢ | 10.0¢ | 9.7¢ | $13.21K | 132.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 58549 | 9.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.0¢ | 1352 | 1 |
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| Last trade - 16.10pm 30/07/2024 (20 minute delay) ? |
| KGL (ASX) Chart |