KCN 5.17% $1.22 kingsgate consolidated limited.

If you read the annual report you will notice that Akara...

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    If you read the annual report you will notice that Akara resources is not the cross guarantee. And in the exec sum, the chairman has already indicated that they have done a deal with the banks to extinguish their commitment to the $74m loan with floating charge against Chatree mine. But they need the mine to run to the end of the year, unless auditor's report flagged uncertainty of that. If they can run the mine to the end of the year, they will let Akara resource fall into receivership and the banks will take control of all the plant and equipment and land of the mine. This has been disclosed publicly in the annual report.
 
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