You think sp will not get pumped/rise? Then why did you buy? Stop down ramping this deal. KAB will get the money from Noble. But it's all spoken for.
$1.5mil Plant $1.5mil OKAP $1mil Celtic ------------- $4mil total
Leaves about $1mil for drilling and working capital.
Sp will be higher when we come out of this suspension whether you like it or not. You sold out near the lows, but you bought back so enjoy the ride.
But if RB is right and other posters made some well researched posts about previous Noble relationships, it might be a case of sell the news.
Still no drilling and insolvent if OKAP don't extend. So Noble rightly requested some favourable changes. It will still be viable.
Only issue now is CCC. If they go down our JV goes with it. Then no transport options other than JHB suggestions.
How long will it be until Noble use their top up rights?
I like the way the "swamp" turned into a "lake".
JB is a very smart operator, securing debt funding and avoiding dilution. And he did it with some of the biggest names in the business. Alway adhering to disclosure rules and always willing to talk with shareholders.
Communication, professionalism, and now success. Well done KABoom
KAB Price at posting:
1.0¢ Sentiment: Hold Disclosure: Held