KMN 4.00% 12.0¢ kings minerals nl

announcement out grades pathetic, page-19

  1. 683 Posts.
    Well I am glad I sold the majority of holidings months ago and am free carried. Still in but will be offloading sometime this week most likely. There are so many better plays out there that are much closer to production - especially molly plays.

    The reality is I can't see KMN going into production within the next 5 years. And to be honest why would you want to risk that when there are plenty of other companies out there who will be capitalising on the high commoditiy prices "within" the next 5 years especially the high molly prices.

    I cannot see any strategic direction from management in progressing and developing Kalman into a working mine.

    If it is so undervalued like many claim (including myself at one stage) then why aren'e we seeing some kind of rally or support? I think the SP has a lot more to do with other reasons rather than the inground dollar value of their resoruce
 
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