Well it looks as if KIK have enough cash for the short term you have to wonder why investors would choose NDO over KIK especially as the backstop (galoc) is no longer stopping the door getting shut. Wouldn't be surprised to see nido go to market to get some cash they have far more outgoings than KIK. Top priority must be to get Tindalo producing above break even with minimal water cut to afford their part in Gindara and the rest of it.Could well be worth a punt from here if they do get Tindalo right this time it would be about time for the Tindalo JV to have some success.
KIK Price at posting:
6.6¢ Sentiment: None Disclosure: Not Held
