KBL 0.00% 0.1¢ kbl mining limited

Ann: Mineral Hill Operations Update and Funding Arrangements-KBL.AX, page-35

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  1. 1,918 Posts.
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    I said I won't post again but you don't get the whole point of whats happening here ....
    1m dollars fair enough lets do a small cr and go ahead asp ...fix the road and get rest of ore and pay debt.
    But 6m cr for paying up the creditors ? ( half of what they owed ) when they did a deal to give them cheap shares and they agreed to take a bit of time ?
    Why now ? When sp is 0.006 ? Another billion shares ? For what reason ?
    To dilute shareholders to death and get out of the trouble for few months ?
    And what about if the rest 6 m loan is demanded by the bloodsuckers asp ?
    You don't get it do you .....they want to put kbl in the corner to get the whole project for free ...
    Management FAILED ...another uml story repeat here , another succes for pybar ...wake up
 
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