KAB 0.00% 0.1¢ kaboko mining limited

price chart, page-19

  1. 7,746 Posts.
    Most of that is not clear cut imo.

    and some said it kaboko is operating in a "declining manganese area"
    It's certainly not a vibrant area. None of the big boys are interested.

    and some said they have no money and virtually illiquid.
    In the original context of stock volume this was 100% true. Many 0volume days. Almost all under $10k. Hard to sell a large parcel, so why buy a large parcel?

    In the morphed context which is really "insolvent" then it wasn't far off the mark. KAB needed a $500k advance. And if they need to refund that then could be some volatility.

    and some said the company will go down to 0.5c
    Still a chance if Noble walk. But I'm expecting the deal to go through.

    and some said the 10 million will be raised by friendly brokers.
    Didn't the company get approval to issue shares as a fall back to the Noble deal? So it's the company saying they will raise not HC posters. And again could still happen if Noble walked.

    and some said the slow boat to china, and the 500K the directors took from the pockets of shareholders!
    No idea. But they are well paid for a part time gig, ie time shared between multiple asx listed entities.

    Still a lot needs to play out. Sign the Noble deal. Continue drilling. Start shipping ore. Let the ore speak the truth. Looks profitable. Can we justify some numbers that RB was throwing around?
 
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