Ann: Withdrawal of s249D Notice to KBL, page-2

Interesting way of putting it

KDR does not want to be part of a board they are not certain can repay their debt ???

Sheesh - isn't that what the move was all about??? Or did it take KDR that long to realise that if they were to put directors onto KBL board that these directors would also bear liability ?

New term sheet "adding to debt" - I'd expect KBL to take issue with that, as technically it would be "pre payment" of gold to be delivered were it to become binding and signed.