It looks tempting compared to where it was but not much has changed in that we have a lower share price but there are more shares and the debt levels haven't been reduced to a point where the company is safe...in addition, look at the number of shares that need to be taken out before the stock starts to move, in my opinion hundreds of millions of shares will need to be churned before any serious upward traction occurs.
I would prefer to wait till the bondholders are dealt with and the consolidation happens before I consider re-entering. Most companies trade a discount post consolidation so good to have some dry powder, at least at that point i am reducing my risk to primarily exploration outcomes and the steaming arrangements
KBL Price at posting:
0.4¢ Sentiment: None Disclosure: Not Held
