Although the share has been in a state of suspended animation, I have been busy I'm afraid, so am still only half way through book 14. However I will be re-focusing 'shortly'. You will (once we hit target) certainly be able to have numbers 1 to 13 though! :))
Ouch, not a good rns (IMO), and some on here have already alluded to some of the facts that should be considered, and a reality check is maybe due with this one.
-Substantial losses -No Real Cash to continue with plans -No extension granted (yet) to continue drilling -Totally reliant now, and almost completely controlled by Tigers Realm -Tigers Realm do not have deep pockets and will place their interests first (naturally)
The share has attracted ramping teams recently between Sept and this week, drive the price up, suck in more new investors and bail quickly with their profits. I am seriously not deramping the share, but people need to be aware of the level of risk they take on here!
At 30 September 2014 KLG's cash net of current trade creditors was a mere $ 86,000. It has an obligation to set aside cash of $ 120,000 for future reclamation expenditure. In effect KLG has run out of cash to cover routine corporate overheads. It has no funds to continue with the drilling required to prove the resource at BK. It has not yet received an extension to the Exploration Period under the KSK CoW, nor an extension to the Forestry Permit. KLG depends on Tigers Realm for funding the due diligence on the Sumatra prospect, which is being sold by none other than Tigers Realm. That's kinda cute. Let's see who will be interested to invest $ 3 million, and what terms will have to be offered to attract that level of investment.
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