I agree not to rant on. In most cases there is responsibility to be taken by the board and senior management, but nature also played a huge part in their down fall. All the bad weather NSW had and it cause major damage to the main road that allowed trucks in and out of the mine site. From memory, the mine was out of action for about 2 months, couldve even been 3. Who knows, maybe this brought their down fall on quicker or maybe they might have survived, who knows the answer to that? I feel for all the people out of jobs, suppliers and especially the shareholders. I was fortunate to sell out a few weeks before going in to administration. With any hope, someone will come in and take over as their is potential to make money with their resource.
KBL Price at posting:
0.1¢ Sentiment: Sell Disclosure: Not Held
