KGL 0.00% 9.5¢ kgl resources limited

kgl falling below 6c? , page-15

  1. 14,880 Posts.
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    bolisha: "As for macro factors of the country itself, i'm bullish. As for micro factors like villagers disputes, i'm 50/50. One can place their bets accordingly?"

    Spot on. The macro view to me is very bullish and if micro view to me is 80/20 so my money is saying this will be resolved. I don't know when but in the meantime, we have some drilling to do at Jervois and a re-commissioning of a WA project.
    Regarding Andash, the facts are the NPV of the Zone 1 area ia over $300M at current prices. If the market wamts to discount that by 90%, then that's fine. The market is entitled to do what it wants. I'm comfortable buying an asset at such a discount. Others might not be.
 
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