Some of our members were predicting that the administration was...

Some of our members were predicting that the administration was simply a way of transferring ownership to our lenders. That no longer seems to be the case.

Be thankful that we are still alive. Diluted maybe but still breathing. And if the price drops to 4c and one is brave enough then it might even be a time to buy.

Clearly the management should have been running a second mine strategy and not gambling on solving the water problem at Talang Santo. But it looks like we will get another chance and with the grades as rich as they are we may yet see a decent return from Kingsrose.