KGL 3.00% 9.7¢ kgl resources limited

The next couple of months is critical for the company. We can...

  1. 712 Posts.
    The next couple of months is critical for the company.

    We can forget about Jervois for now; it is too far away and will add value to the company if our other projects succeed.

    And now that we are leasing Andash equipment, delays don't really hurt. We just need to be patient. Raising money for such a good project will be pretty easy and AT LEAST a 50% debt component shouldn't be a problem.

    It all really lies with Murchison - Murchison is costing too much money and we need to hit production plan targets so we don't have to raise any more money - and we already know October has been a bad month. If all goes well, we will make some money to fund heap leach operations and SP will recover. If problems continue, the company will have to go to the market for money again. But more than anything, success here will give the company some credit and maybe funds/instos will start buying again.

 
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