KBL MINING LIMITED - gold and silver producer

**JBmurc** · 24-08-2016, 11:06 AM

Yes as to why I'm still holding.....the biggest gains come from the biggest risks ....certainly not a company to go boots in all pure spec punt money you can afford to lose ...with the 13m repayable to the bondholders in February 2017.... the major negative I wouldn't like to see sorted before investing more ...

**JBmurc** · 28-08-2016, 09:36 PM

KBL Mining (ASX:KBL) has renewed its ‘Iron Duke’ project, and revealed additional exploration work is on the menu for the satellite deposit.
The copper-gold deposit comprising 494,000 tonnes at 1.5% copper and 0.8 grams per tonne gold is about 50km north east of KBL’s flagship Mineral Hill project.
KBL is eyeing up processing rock from the Iron Duke deposit through the existing upgraded production facility at Mineral Hill.
It was granted a three year extension on the Iron Duke license from the NSW government – meaning its tenements now cover about 330 sq.km.
The deposit itself is a steeply east dipping, mineralised envelope which is characterised by a quartz-sulphide stock work up to 15m wide and extending over 550m in strike.
KBL told shareholders, however, that exploration on the permit has solely focused on the deposit – but with the permit extension in the bag it said that it would now move to explore the southern extent of the permit.
It said that a trend on the southern edge of the permit has had no previous exploration, but there are historical workings on the site.
Based on the early stage of KBL’s entrance into the southern edge, investors looking at this stock for their portfolio should take a cautious approach to their investment decision and not base their decision solely on this development.
The workings extend over 2km, with historical record suggesting that there could just be an Iron Duke-like system of mineralisation on the cards.

**penn** · 02-09-2016, 03:05 PM

Trading Halt 111.000.000 shares for sale at 0.002c

EDIT 39.000.000 shares for sale at 0.001

**JBmurc** · 02-09-2016, 10:08 PM

The trading halt is requested pending an announcement by KBL of the details of negotiations to
restructure arrangements with major service providers. A programme of restructuring arrangements
with major service providers was carried out earlier in the year and announced on 22 February
2016.

**penn** · 06-09-2016, 01:41 PM

And there it is KBL head shares trading at 0.001 .....
due to rain.

**JBmurc** · 06-09-2016, 05:25 PM

farrrrr out ....well there you go ..not point selling as zero buyers of the opts ..... got just under 2 yrs to see if they can turn it around and even keeping afloat ....slim hope this won't go down as my worse share trade ..... VIL was pretty bad