I keep reading the Noble funding arrangement and expect that, because all targets are being met, KAB have all the funds required for the mine production to continue. They have the remaining $6.5 mill left in the prepayment loan to come?
I realise there are issues with loan repayments,, but surely this means no further dilution through a capital raising?
They already have a billion in shares and (relatively) cheap options.
Milesy
KAB Price at posting:
0.7¢ Sentiment: ST Buy Disclosure: Held