KRM 5.56% 3.4¢ kingsrose mining limited

Ann: Revised Production Guidance & Operational Update, page-4

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  1. 7,501 Posts.
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    I guess that we have to be patient because the priority is safety.

    315 ton/day over this 3 months to 31st Dec will be an improvement on the Sept Qtr
    and it will likely to lift the cash in the till, IMO, but a little less than expected.

    The forward fundamentals, nevertheless, are still the same provided that the ramp-up
    can be achieved soon and that the Splay vein can be progressively phased-in.

    Further development of Talang Samin is a good strategy because it will eventually give
    us a second mine. Of course this is with the proviso that it doesn't burn too much cash
    in the interim..

    Lets hope that the SP has bottomed out(its up a half cent now) and that we can get back into the 30s soon.
    The company needs to give monthly anns of production until we see at least one qtr
    of full production. Drill results are fine but Mr Market needs assurance that production
    is improving albeit gradually and that we are cashflow positive.

    Cheers to all
    Moorookamick
 
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