Welcome back Andy & hello all, From the top down: Gold: The POG...

Welcome back Andy & hello all,

From the top down:
Gold:
The POG while sitting close to $1600 AUD is all from certain over the next 12 months.
There are conflicting opinions about macre elements such as the Fed's lift in interest rates and
the Chinese economy's prospects. Indian demand is also iffy.

KRM Management:
We have had 3 CEO's since the accident at Talang Santo :
First we has Chris Start who seemed to downplay the mining suspension while
the required Indonesian permiting was not in place.
Then we had Tim Spencer, the ex CFO, who led investors to expect a prompt
resolution of the permiting and mining issues and the re-establishment of a low AISC.
And now we have the current CEO who is making a massive job returning the company to
full productivity. First we had unstable ground, next water and we are now waiting for the third shoe to drop. !

Talang Santo:
Shareholders have been carrying the company and the local community for the past 3 years
and we now need action to pump out 385 ton a day @ 14 g/t + Silver and then spend the $2 mil
to upgrade the plant to 500 ton/day. We simply dont want to drag our asses until the the POG plummets
and then pump out the gold to stay alive. We need action now.

Shareholders are providing management with excellent salleries & benefits, paying a premium interest rate for borrowings and keeping the community in the style that it has become accustomed to. We want action
and good news now; not later.

The potential of the mine is 182.5 k ton a year @ 14 g/t @ 93% efficiency = 82K ozs p/a
with KRM's share being 85%; that's 70K ozs/gold/yr for KRM shareholders
At a NPAT/oz of say $600 AUD that's $42 mil/year. (10c/ EPS)Its an easy sum and all we need now is value for money from our management and board instead of feeble excuses.

We are very aware that Indonesia can be a difficult place to operate but it has massive benefits with low
labour and energy inputs and potentially bonanza grades. We just want to see the gold being poured.
Not a big ask !