KCN 0.00% $1.52 kingsgate consolidated limited.

Running on fumes, page-14

  1. 122 Posts.
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    Thanks. I assume you refer to note 8.8. Interestingly, their statement says funding, not expenditure, is anticipated to be in line with the current quarter with refurbishment work continuing on Plant 2 at the Chatree Gold operations. I would have thought most of the payments ( at least two-thirds, for October and November) were already made by the end of last year. Contractors ( and any employees) most probably would have wanted to be paid promptly for the work done, and may even have asked for, or received some payments in advance.

    Anyway, importantly the directors have publicly stated they are confident they " will have the available finance support." Either you believe them, or you do not.
 
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