I think KBL SP is driven down by the possibility of Equity Raising; seller probably thought about this when they were selling KBL from 22c
here's my thoughts
at 30.10 announcement, end of page 1, it stated " Closing cash at bank of $5.34 million with approximately $4.66 million in copper concentrate inventory"
could I have got this wrong.?? this mean out $5.34M, $4.66m is stock on hand - Not cash
don;t think miners can pay people with copper/gold..
share you can !
so unless $4.66M copper will be cash soon (ie very soon.)
can't see how KBL going to 2013 to fund expansion plans without EQ raising.
KBL Drill Results/mine potential seem to mismatch SP compare to others (IMO)
again I quoted .." Feasibility study for Pearse is nearing completion, with an estimated 20,000 ounces of gold to be produced from July to December 2013, generating approximately $17 to $20 million of free cash flow before capital expenditure.
the wording .."before capital expenditure"
which to me means, i need $15M+ to generate $20M
next 6 months
if you look at support level on the SP today, at 15c seem to have some support; maybe someone is pricing the new issue between 10-13c.??
I hold KBL shares
Disclaimer: don't take into account my words before investing in KBL, or KBLGA, the infos posted here are for discussion/sharing information only
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I think KBL SP is driven down by the possibility of Equity...
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