KGM 0.00% 1.3¢ kalnorth gold mines limited

if you manage kgm - what is your next step, page-2

  1. 5,536 Posts.
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    G'day Danhoff.

    M8, I like the way you dream, but, that is probably all it is, only a dream, unless the price of gold kicks off soon.

    Personally, I hope they can survive and flourish even though I am out at the moment.

    The problem is, that if they spend their cash as you suggest, and then gold doesn't rise substantially, then they have nothing to keep going on in any form at all, and I could not see the shareholders coughing up again when only 25% did this time.

    In my mind they should keep their heads down, keep negotiating with the Chinese company, as much as I hate the thought, and pray for a strong rise in the price of AU.

    Lockitt
 
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Currently unlisted public company.

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