No investor can be satisfied with the development of Kibaran. I am in the top20 as well and i am not convinced about the Management skills of Spinks.
Two years ago i had a meeting with Frey and he was optimistic that Robert Pett will bring knowledge and ideas for the ongoing improvment. Unfortunately i don't hear anything of him. Perhaps he spent the the day on a golf course.
But what i know - the reputation (KFW/IPEX) of the Epanko project in Germany is excellent and KFW/IPEX will finance it.
So the decisive point is - the Epanko resource is fantastic. I am in contact with many experts in that field and they are all convinced. I'm sure we will have success in the longterm (despite Spinks).
An external capital increase should be although not a problem if terms and conditions are attractive.
Summarising "FUNDING" will come within next 3 month - i bet my Magnis (not my Syrah) Shares on it!
KNL Price at posting:
16.0¢ Sentiment: Hold Disclosure: Held
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