KMN are NOTORIOUS for setting schedules for work and not delivering.
Incredibly, sometimes not at all. The work just gets forgotten about or they release it in a quartely tucked away so you don't know it was a fizzer.
Case in point the fe drilling at Kalman yonks ago. So spectacularly dodgy, amusing...
You need to go back through the anns to try and find a timeline on CdG. The last I can recall was sometime in the 3rd quarter. The last quarterly said something like "studies were ongoing, they are creating multimple flow sheets, and the best one will be taken into futher studies".
So, expect another Scoping Study to follow this Scoping Study, which followed the initial Scoping Study. At this rate BFS maybe by 2011.
Having said that, looks like a bottom around 20c for the minute. Good for a short term trade, but 30c is Great Wall of China. Won't be going back up, mid to longer term until that's cracked and forms up as support.
KMN Price at posting:
0.0¢ Sentiment: ST Buy Disclosure: Not Held
