Rottenegg,IMHO, those IPOs will most likely take place in due...

Rottenegg,

IMHO, those IPOs will most likely take place in due course subject to the market condition.

Directors of KOR control 37% of the company. AK & Rheingold hold 29.6% and Chancery Holding owns 8.3%. So they would like to realise value for their investment.

Basically now, KOR share holder will get at least 2 free shares in spicies distribution in 2 gold IPOs for 1 KOR share and worth at least 40c value (assuming issued at 20c per IPO share).

With MgO magnesium project, Rock Phosphate project, 2 new gold IPOs, UAU IPO and more exploration projects in NT and WA, its valuation should be more than 60c, IMHO.

Goldletter International has a target price of 50c in late October.
http://www.goldletterint.com/documents/pdf/KORAB_GLSP_Oct09Update.pdf

Few institutional broking houses have asset valuation for at least more than 50c/share. They are not in KOR website as it is for wholesale clients.


DYOR before buy/sell/hold.