KBL 0.00% 0.1¢ kbl mining limited

Ann: Appointment of Receivers and Managers-KBL.AX, page-21

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  1. 9,074 Posts.
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    If they keep it running and the employees dont get paid out, that is a debt they dont have to clear.
    Employees wages (from start of receivership) will be guaranteed by receiver, and all operating expenses.
    The only debt to them is leave and redundancy etc...
    If its still going then they just need to clear the creditors.

    As long as their is good gold in that north pit, quintana might chase it. And there is a path out.

    They will need to find some more pits with gold in it if there is to be anything for shareholders. I don't imagine much exploratory drilling will be happening from now even if they do keep operating.

    They have always struggled undeground.
    Last edited by pauljbo470: 22/09/16
 
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