Ann: Mineral Hill Operations Update and Funding Arrangements-KBL.AX, page-27

how can anyone say this is great news you want to put more money into thies guys hands ?


wast this great news this time last year??? hate to say it but what is it worth now after this week or after next quarter. now make up 6 million at the current price?


The placement was made at a 15.6% discount to the 5 day VWAP preceding the Company's trading halt on 16 July 2015. The issue price of the shares is 2.88 cents per share with approximately 104,166,667 shares to be issued.

KBL's focus has been to move the Company to sustained profitability through focused definition drilling and delineate the stope designs to optimize profitability by improving recoveries and moving to produce three clean concentrates of copper/gold, lead and zinc. The CIL gold plant will further improve extraction and allow the Company to add gold and silver doré to the metals produced, making it one of the very few five product mines in the world.

KBL is in a vigorous expansion phase after raising A$30 million in March 2015. Those funds ensure the Company can develop the open-cut Pearse deposit, optimise recoveries of base metals from the polymetallic ore body and thoroughly explore the open-cut and underground potential of Mineral Hill.



what happened is its still happening
heart goes out to all do as much research as your heart is content cant control people.....