fairly definitive statement, page-2

"I am going to give management the benefit of the doubt"

Would this not mean you would need to get a sense of passed achievements?

Below is from the 2011 Nov Presentation.

A the time market cap $9.1m. Shares 507m Ops 232.
Today $5m Shares 676m Ops 338m.

$3m burnt + Nobles $500k plus $1.5 Okap loan plus probably the Celtic $1m as well.
What have they achieved????

http://asx.thebull.com.au/news-history?S=KAB&E=ASX&Year=2011
Nov 2011

Exploration activities to continue throughout 2012
??
Conclusion of first long-term offtakeagreements in Q4 2011/Q1 2012 [Sino]
??
Debt funding secured to advance exploration and project development in Q1 2012 Nope!
??
Diamond and RC drilling results Q2 2012 to Q4 2012
?? Nope!
Targeted initial JORC compliant resources in H1 2012
?? Nope!
Production at Emmanuel Project at monthly rates of up to 5,000 tonnes in Q2 2012 increasing to 10,000 tonnes by Q4 2012. Nope!
??
First export sales under long-term offtakeagreements in early H2 2012. Nope!
??
Production at PecoProject at monthly rates of up to 5,000 tonnes in Q2 2012 increasing to 10,000 tonnes by Q4 2012
Nope!

It is also important to note the ASX made them withdraw their claim of Tonnage they said they could produce because they have provided no proof they can and still have not. (see 25 Nov on link given)

Good luck with it.