KOR 0.00% 0.8¢ korab resources limited

Got this response fro AK with regards to the Rudd Tax and the...

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    Got this response fro AK with regards to the Rudd Tax and the Greek Crisis.

    Thank you for your email. I don't see any impact on the IPO's from the resource tax. The larger of the 2 IPO's with 1 mln oz resource is overseas. The smaller one which is in Australia is priced very attractively even after accounting for resource tax and exploration rebate. The PIIGS crisis is another matter because it is difficult to predict to what extent it will affect the liquidity. At this stage I don't see any problems but this could change depending on how the situation in Europe develops.

    With best regards

    A.K
 
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