Ann: Quarterly Activities Report , page-8

This has been a trying time for KRM but, IMO, you just have to trust the mamagement.
KRM is Bill Phillips' baby and he is at the mine working to guide the
company back to full production.
Unlike many directors of small companies , Bill has put his money where his mouth is and KRM Management Pty Ltd has a big share of the company.

We should be recieving an announcement any day that Talang Santo has
officially recieved permission to resume mining ( recieved verbal agreement
earlier subject to conditions- see the March quarterly report ) Ore from access shaft and pump sump activity should also produce some processable ore.

KRM has always been a low cost miner and the current drop in the POG
will not have as much effect on SP as others with $1000/oz + COP. Unfortunately
Mr Market has tarred KRM with the same brush as high cost miners.

The 7% drop in the price of the $AUD vs the $USD will also help and is equivalent to a lift in the POG of $96/oz for KRM.

I have just listened to Bernanke's testiment to the US parliament overnight
and despite the retracement of gold's spike earlier in the night,IMO, there was nothing in his testimony which indicated that the US economy is recovering.
He sounded tired and weary as if he wanted to be somewhere else.

IMO, once the gold market settles and realises that the massive QE of the USA & Japan is here for a long time yet, the POG should go back $1500+.
In the meantime, however, the big hedge funds seem to be shorting.

Cheers to all long term holders.
Moorookamick

Moorookamick is not a financial advisor and investors should seek a licensed
advisor's advice before investing. MM.