recent placement, page-9

My two bobs worth.

I have to agree with some of the negative comments made by some posters. Not that I think they apply to KAB

Over the years I have attended many AGM`s with companies that are penny dreadfulls. I do not know of one of those chairman who bagged their company but promised the next year will see a big turnaround in their fortunes. The biggest annoyance to me was how gullible and stupid SH/`S were in believing them and approving issues of shares etc and the passing of motions.I have challenged directors and have called them liars, crooks and other similar names and challenged them to sue me or take action of restraining my comments. None never did. Two of these companies are TKG + STI.



So I can understand the comments made by some posters and I believe we as responsible S/H`s should keep this in mind.I truely don`t believe JB and his directors are not genuine but I would like to see them to do what they can to get the SP moving in relation to OPTION Holders of KABOA. I am not happy with the last capital raising as it was a curse to the company and is proven by its current SP. It has created a lack of trust and far too generous. JB`s recent on market puchase. I would have loved for him to have bought KABOA.

I am waiting to see what the strategic appointment will do. I have my doubts very much. There are very few that do. IMO they are free loaders and I am not convinced that this person is any different. What credentials does he really have and what have been his success stories.

Also what has happened to the other shipment. Where has it gone. IMO the directors need to finalise alot of issues before the end of APRIL. IMO doing what you can to get the KABOA over the line would be my main goal and add enormous value to the company. More announcements proving the high grade of manganese and contracts signed is much needed.

Raising capital at these very low prices is not in the best interest of S/H`s. Dilution is a curse and restricts the SP from rising.
In saying all that I have I truely believe that by the end of 2012 we will prove to be more than a spec company.