Ann: September 2016 Quarterly Activities & Cashflow Report-KRM.AX, page-5

From the annual report "At balance date, 145 metres out of a total of 220 metres of vertical advance had been completed in the shaft." and they've now done another 26m in the Sep Qtr so I thought it was more like 171m out of 220m?

Maybe slow progress given the plan was to be actually producing on level 5 by April 2017, and pumps etc need to be installed after they have stopped drilling. However, it's not clear to me when they started advancing in the shaft in earnest again. I'll wait until the new year and:

a) we get confirmation the negotiations with the lenders are actually finalised
b) a better idea of the advance rate in the shaft

I think KRM is valuable for the overall ore grades longer term, just not ready to jump in until they prove they can deliver a few financial and development milestones, fwiw. I'll guess that the share price won't react until they actually start to generate decent cash so I think there may still be a chance to get in after some good news early next year (assuming it comes).

just my 2 cents,
GL,
pb