Virux said:
"Highly doubt they can go broke when they are nearly cash-backed at current levels."
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Nearly cash-backed? Not even close, Virux. The money that was gained from an asset sale went to pay down 2 Director loans- one to Andrej, and one to a Director who left, and left some working capital. You'll have to wait until next Quarterly to see how much cash KOR have left, but with corporate costs, I doubt it will be much.
The new legal challenge on KOR is for Ashburton Downs. Thumbs up to anyone who can sort out who "Mining Resource Development Corporation Pty Ltd" is.
undervalued, page-9
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