Perhaps a re-read of the announcement "Response to ASX Query -...

Perhaps a re-read of the announcement "Response to ASX Query - Quarterly Cashflow Report" may bring you up to scratch santoo. That is where they discussed the sales to china.

They discuss the negative cash outflows for the June quarter and how they are to continue operations in the June quarter in reply to an ASX query.

KAB stated that besides a mix of funding and equity sources, they would be complemented from proceeds from the sale of manganese ore to Sino Steel.

They also mentioned in the March qtly report that first sales were forecast to commence in “the current qtr”, being the June qtr. The coy in the may announcement also stated that it confirmed this remained on schedule.

Yet somehow, with their planning and confirmation of sales occurring in the next few weeks, here we are nearly 6 months later, and no announcement of these sales actually occurring. It amazes me how they could state this about such a near term event, but not have the capability of following through. Very poor management, which makes it hard to believe anything they state, or their abilities of becoming a successful miner. Just like the drilling campaign announced every qtr since beginning of Sept 2011, yet some 15 months later, no announcement of even one hole having started.

Again, short term guidance where in the following weeks they had intended to start drilling before this years wet season started. Hows that one going? Another classic fail in guidance and execution. This management and other OKAP ventures are a joke as commercially profitable ventures for investors.

Its all in the announcements santoo. You just have to go back and refresh yourself.

Glad to be able to point you in the right direction.