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Ann: Trading Halt, page-78

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anf0

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04/07/17

12:06

Post #: 25653006
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Originally posted by Goomantoong ↑

To me personally, if all the element's of the proposed legislation have been passed into law, then its game over. I am sure KNL will hang in there. That's OK if you are paid employee and picking up a salary every month. But too risky for me to be a share holder. By all means create as much employment as possible for the country by building the processing plant and not exporting raw materials, pay government taxes and some profit sharing. But 16% free carry and the possibility of 50% African ownership. Too much uncertainty trying to profitably move forward with the African board having that much say over the future direction of the company. Not for me. All of your infrastructure, equipment, processing plant, bought and paid for to be left in there hands. Tanzania have been classed as relatively safe up until now, but no more.

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You're on the money. It's unfortunate, but be thankful KNL is only falling from a $35 mill market cap.

Spare a thought for those holding MNS up at the lofty $260m, there's gonna be some pain over there!

KNL Price at posting: 14.5¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 8.1¢		Change -0.002(2.41%)		Mkt cap ! $36.78M

Open	High	Low	Value	Volume
8.1¢	8.1¢	8.1¢	$20.00K	247.0K

Buyers (Bids)

No.	Vol.	Price($)
1	653	8.0¢

Sellers (Offers)

Price($)	Vol.	No.
8.1¢	150000	1

View Market Depth

No.	Vol.	Price($)
1	653	0.080
2	141118	0.079
1	10000	0.078
3	45487	0.077
4	53723	0.076

Price($)	Vol.	No.
0.081	150000	1
0.082	51599	2
0.085	389459	2
0.088	42000	1
0.089	9000	1

Last trade - 15.54pm 13/11/2024 (20 minute delay)

EGR (ASX) Chart