With so much interest in this company at the moment both +/- we are going to see a busy week of trading. Lets hope another announcement is made so it stirs up more interest. We held up quite good last week considering its recent rise. I saw nothing negative. They proved the ore to be what they stated which led to a contract signed and further contracts look likely in near future. They again made good their statements. I for one was impatient but it was worth the wait.
I agree the cost to ship it to China is a bit expensive and will eat into the profits and the distance is also an issue but I think the +`s out weigh the -`s 10to 01
The company has bought new equipment and improved the mining process. I am sure and certain that this will continue to improve now they have trucks to ship it to the port.
I would like to see a follow up announcement confirming total costs to export it so we here on HC can analyse it.
Disclosure. Unfortunately I hold a large parcel of KABOA and I expect to lose my total investment. I wish I bought the fully paids.
KAB Price at posting:
2.6¢ Sentiment: None Disclosure: Held