K92 Mining Inc T.KNT

classic 'white elephant' acquisition

[4CommonSense]

Acquisition of Colombian Regulated Utility Business for $1.05 Billion and Concurrent $315 Million Equity Financing

if you look real hard you will find this tiny tidbit in the annual report 

EBSA reslts for 2022 - Sales and Adjusted EBITDA of $64 million and $27 million, respectively, increased 9% or $5 million and 13% or $3 million compared to the same quarter of 2021, largely due to rate escalations,

 no mention of whether this white elephant was above water? 

What a great return on investment eh?  pure genius or ? -

[cyber37]

Any relevance to KNT; or just a warning against the ‘white elephant’ type acquisition that KNT may get into? And on a different subject, I think it would be nice for this new Chair of BOD - Ms. Giardini to say something where this company is going…other than just drifting down & down. For almost 3 long years now this company is just coasting, stagnating; maybe new blood into management

[4CommonSense]

opps none whatso ever -- wrong board -- its in refwerence to NPI == disasterous management