The lack of a meaningful update on improved mining at Mineral Hill and the GMR deal creates uncertainty and suspicion and this is reflected in the struggling share price. If things had improved at Mineral Hill I'm sure they would be crowing about it like they did with first shipments etc but nothing after disappointing January mining.
Its hard to see GMR proceeding with the deal and paying $80m for 25% of Mineral Hill and $17m for 15% placement at 34c when the current market cap is under $50m when for the same money they could probably buy the whole company including convertible notes.
Some real news is long overdue as uncertainty is going to continue to hold back share price.
KBL Price at posting:
19.0¢ Sentiment: LT Buy Disclosure: Held
