KBL 0.00% 0.1¢ kbl mining limited

Supplementary Administrator"s Report meeting 8th Aug., page-34

  1. 1,421 Posts.
    lightbulb Created with Sketch. 5
    A 1 for 70 consolidation means absolutely nothing to the underlying value of one's shares. It will be a capital raise and shares issued to creditors under the DOCA which is what will dilute shareholder value.

    Until they finalise in he next few weeks, we can only hypothesise.

    It would however be safe to assume options will be worthless and shares will be significantly diluted...however I had written both off ages ago so if I can get 10 plus c in the $, I would be less disappointed.
 
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