I certainly take onboard what you are saying and agree the figures you give are more than plausible. TU from me.
One of the most annoying aspects of companies like this is that they set their own production and other main targets. So when they miss their own set targets the market reaction is so predictable.
Having over promised and under delivered so many times particularly over the last twelve months maybe has left the New Broom somewhat Shell Shocked!
Maybe the last year or two in the Gold shares has caused my thinking to turn a little more cynical; however, I just can’t see how the new kid on the block would not want to impress and try and do something positive for the long suffering shareholders.
With the greatest of respect to the current management may I suggest you start soon to deliver on the ramp up and actual production of saleable ounces? It would also be helpful to continue with a regular flow of information as would the occasional Broker report.
At the current share price those 14gpt. grades, plus silver credits and the Bonanza Splay vein grades must be making for a very attractive takeover prospect. With 358.61 M shares on hand and as MM says nearly $11M in the till and share price under twenty cents and I fear a cheap takeover a real possibility and something like that would really get my cynical side thinking!
Like many others I have been a relatively long term supporter of this stock; however, currently I find my loyalty being tested. Management would do to well remember that shareholder support like respect and loyalty often needs to be earned and maintained.
I’m in the UK at present and feel it’s a pity Australian (ASX) mining company executives aren’t treated more like UK Premier League soccer mangers kept on their toes by each weekly performance!
Cheers and very best regards: Andy
KRM Price at posting:
22.0¢ Sentiment: Hold Disclosure: Held
(20min delay)
