I'm surprised one of the founding members of KRM is resigning. As he is the geologist who has been talking up the exploration potential of KRM, I'm flabbergasted why he is going?
Whenever a Director resigns for no obvious reason, especially when he is a founding Director with intimate knowledge of the Way Linggo mine and surrounding areas, you always ask yourself why??
I'm a shareholder abliet a small one and am still eagerly waiting for KRM to perform.! Talk is cheap and it is about time KRM starts making money.
I also dont like the way they say their cash cost is low (after taking into account silver credits). It is fine to show silver as a gold equivalent in the resource statement and report it as other revenue in the P&L but for godsake dont contaminate the cash cost with silver credits as you are then not comparing apples with apples with other gold companies? Does anyone know if KRM include any royalties in the cash costs?
The longer KRM take to actually produce, the more suspicion one becomes!!
KRM Price at posting:
$1.40 Sentiment: Hold Disclosure: Held