I recently took a punt on KAB given its tie-up with Noble and Sinosteel. There seems to be considerable angst among some shareholders of this stock on this site and I get the feeling there is a distinct lack of trust of the company's management.
Looking at the announcement of 24 December 2012 regarding the $4 million drawdown, the wording in that letter was fairly definitive about what KAB expects to achieve in 2013. I am going to give management the benefit of the doubt.
Could someone please define for me the pricing of managanese? The plan is to produce 10,000 tonnes of manganese a month. At current prices, what amount of cash does that amount of production generate?
KAB Price at posting:
0.8¢ Sentiment: LT Buy Disclosure: Held