Stevie,
Gsmaree's anlysis couldn't be more on-the-mark ...your are way off the mark in everything you say...
1) You are exlusively in small-cap mining and not gambling...who r u kidding?
2) Your
"2. Exploration success that will sustain the company production beyond a few months" You are ignoreant about how to study a coy : KBL HAS 7 years of resources..they are exploring to take it beyond this...
3) Your 4 : These are short term "cash-flow / working capt" and unfortunate prior arrangements issues : KBL has actual Revenue ! Not a totaly spec stock..revenue actually in $10s millions...and the debt (You say $13Mil I thought it was$11Mill and falling?...down from $20Mil something!?)in my view is extremely manageable, once very short term isssues are ironed out...
4) Your No5: I note here there are no more App3B's last couple of days ..the mngt woken up to share dilution...and also maybe do not need any extra working-capt or Revenue receipts kicking in..
5)
The only claim that I have repeatedly made is that KBL's known resources will not meet those debts and further significant dilution is imminent" The resources are many multiples of the debt which in my view is peanuts compared to other coys..please DYOR as you admit you are invested in coys with higher debt above
IMHO I can confidently say the MC of this coy will not fall below the current $6Mil even if a few more shares may be issued, which I doubt the Mngt will allow anymore. If it does, it becomes more of a tak-over target then prevously the hostile t/o attempt...
Whichever way you look at KBL, ignoring the past, and if you were to invest from
today, is this coy has much going for it...
Stevie, FYI I invested another 2.6Mil shares this morning..
...IMHO I'm confident this will be at least a few bags...GLTA
