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clock Created with Sketch. 22/02/16
13:20
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Originally posted by no1trishada
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Share price down 20% today as I write...what a strange reaction to the announcement of solutions to the Company's known problems! The latest quarterly report left us wondering how KBL was going to solve its urgent cash flow dilemma and how it was going to fix the plant deficiencies leading to such disappointing gold recoveries. So many investors and HC subscribers, being blinded by the rising gold price, have just ignored these problems subsequently. But they had to be solved, and quickly, for the company to survive.
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Its annoying to see the price drop like this but it does seem like a major over reaction. The company is saying yes its had a few problems but its sorting it all out and it will be okay. I don't think the directors would give up on this one. Lots of gold in the ground and doesn't sound too hard to dig it up.
