KGL kgl resources limited

update, page-9

  1. 712 Posts.
    The government really has nothing to do with Andash as they have been in favour of the project all along. Now with the government even more pro mining, they are pushing Kentor to get the project started.

    It was the landowners and the locals. The situation was further escalated when a member of parliment tried getting local support by spitting out lies about Kentor and how they are damaging the environment. The government and their governing body of Natural Resources still stated they supported Kentor at that time. That minister has also retired and with elections over, this is no longer an issue.

    All of the locals are now pro Kentor... there are about 1500 homes in the village so I'd imagine some sort of arrangement would be worked out with Kentor... maybe they receive a very small fee for every month the Andash mine operates unhindered. The state taxes and royalties are quite low anyway (10% tax, 5% royalty on gold, 3% on copper) so this would be smart imo to ensure everyone stays on side. Anyway, I doubt locals will pose much of an issue to site access.

    So it just comes down to the 5 wealthy landowners and I believe significant progress has been made here. There is also extra mounting pressure on the landowners from the new government.

    Surely can't be long now....



 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)
Last
9.7¢
Change
0.002(2.11%)
Mkt cap ! $67.15M
Open High Low Value Volume
9.7¢ 9.7¢ 9.7¢ $2.91K 30K

Buyers (Bids)

No. Vol. Price($)
2 11763 9.3¢
 

Sellers (Offers)

Price($) Vol. No.
9.6¢ 10000 1
View Market Depth
Last trade - 10.34am 16/07/2025 (20 minute delay) ?
KGL (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.