F**k this $h1t..... F**k.....been sitting on this since last October.
Didn't think it was such spec back then, yes debt was high but the mine was due to come into production with a clear plan to pay off the debt. So since then everything that could go wrong did go wrong.
Processing plant over budget and late...haul road then continuing heavy rains etc.
Bear in mind $AUD gold price was much lower 12 months ago when production was scheduled.
With a half decent management these things should have been overcome...
a gold miner that goes bust with almost record $AUD gold price....what a f^^ken disgrace.
KBL Price at posting:
0.2¢ Sentiment: None Disclosure: Held
