project operations update, page-25

Kick in the guts announcement.

KML is out of cash, loans from ansteel is keeping it solvent.I assume they modelled the cash requirement in May and Ansteel may have agreed to front the dollars for that 'over the next 12 months'. Now it's considerably larger. None of us know

God knows what the level of debt will be in the end... But KML will most likely be cash flow negative again for another 3 months. This is not good. I'm shocked GBG isnt lower. What good news will gbg have before the next 3 months? Dont see much that could cause gbg to rise anyway.

Best off to buy when the problems are fixed in my opinion. To make an informed decision you need to know a lot more about the debt/working cap issues as well as operating costs.