KAB 0.00% 0.1¢ kaboko mining limited

Ann: Trading Halt , page-5

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  1. 7,747 Posts.
    This mob have changed plans so many times. Chowa then Peco. Announce grades then backflip. Announce tranche 1 then start drawdown at a faster rate. Sino, no Sino. They have altered the terms of the take off. Nothing is set in concrete.

    So, when I see that their is a "change" to the funding, i get concerned. They have and will move the goal posts anytime they want.

    This could very well be a cost blowout, ie we neeed more funds. Or more likely a change in the payback terms. Meaning they cant meet the previously announced grades or output.

    But, I guess we need to just wait and see. Maybe it will be positive, but it would be a first for KAB. Remember OKAP companies have never made a profit. So we have our backs against the wall.
 
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