kbl board may be lacking but the kdr board doesn't bring anything to the table for kbl holders.
kbl doesn't need smarter paper jockeys, they need miners.
even the kdr assets don't look that impressive, which kdr ore do you see as displacing any kbl ore from the process plant?
if kdl was to gain control of the asset, then they would now be in debt to capri.
not only that they would need to go into more debt because kdr don't have any money to run a mine. the first wages run would clean them out.
the only way kdr can repay the debt is through use of the kbl asset to generate income.
So why do kbl holders need kdr to do that? because kdr are good miners?
their is no joy here for kbl holders.
the only good thing is that it will force them to sort out their debt, something which should have been done long ago.
still no sign of a change in substantial holding notice from kdr if they are selling, they are in breach if they are. 2 days after a 1% change. maybe they aren't better paper jockeys.
KDR Price at posting:
8.2¢ Sentiment: None Disclosure: Not Held
KBL Price at posting:
3.3¢ Sentiment: None Disclosure: Held
