KRM 5.56% 3.4¢ kingsrose mining limited

News: KRM Kingsrose Mining updates on ongoing restructuring process, page-21

  1. 4,889 Posts.
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    Good luck, my pick is the financiers will call up their loans, so even if KRM does survive, the next couple of years are just paying off loans.
    The last guys to put up for the pumps and a 75m shaft will be first in line. What will be interesting when all the creditors put in their invoices is how much went on "Mining Consultants". Lately there seems to be a proliferation of consultants.
    Would have been great to mine that hanging wall , gold was supposedly at 50 grams per tonne.
    Be interesting how far they had dug that shaft and if the pumps had been installed or even purchased?
 
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