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galaxy1

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26/08/16

14:41

Post #: 18713928
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Originally posted by pauljbo470 ↑

there is nothing wrong with the asset galaxy , its reasonable.

But this doesn't need down ramping while it is in a cash for convertible note down spiral.
As pointed out. Compare the share price at the time of this presentation to now.

It will have to consolidate the shares (hopefully after the debt is cleared) so those thinking the scope for the price going lower is limited best beware.

I think their current strategy of washing away the debt by issuing billions of shares gives the company a good chance of surviving (not great for holders but that's just unfortunate)

The next big hurdle is how they deal with the old convertible notes when they fall due next year.

If the can deal with them some how it should be good as long as they can maintain continuous production.

If they can sort all that then consolidation doesn't have to be a bad thing.
If they need to consolidate before the debt is cleared, because they cant wash any more shares through the market, that could be a big problem for holders (not necessarily the company)

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Seriously pick 10 mining and resource stocks right now and take a look at there charts over the past 3 to 4 months and you will find that 90% of them are heading in the same direction. Kbl can not be blamed for everything dyor.

KBL Price at posting: 0.3¢ Sentiment: Buy Disclosure: Held
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