I did a bit of research on the new directors. Their main game is representing Chinese who want to buy Aussie mining assets. Interesting, hey.
The few recent directors quitting has made me feel uncomfortable. They were always positive in my chattings with them re KGM. But then they go.
The first thing I did was research the new directors. I had fear they were solvency / or voluntary admin guys. But they are not. They are BIG TIME players in getting Aussie mining assets into Asian hands.
Is this good or bad for KGM shareholders. I honestly do not know. I am interested in the few dollar trades to keep the shareprice at 1.4 cents. Heck, I can invest a couple hundred dollars to by the 1.4 and a bit of 1.7 - if there is a reason to have the price at 1.7 cents. Conversley, for a few dollars you can have the price at 1.1 cents
Weird. Any person in the world, for a few hundred dollars can affect KGM share price about 50% 1.1 to 1.7 cents.. either way.
Also, I 'wonder' at the size of the tax refund KGM will get room the tax dept. 300k or 3 mill? It makes a big difference to survival!
This is real lottery now. Strange how 1 mill resource can sell for about $2 an oz. And I do think some of it is mineable at profit.
We do have a lot news to await
-size of tax refund -outcome of 'interested' Chinese financing -cost / viability of a demountable small plant -engineers report on mining the funny folding reserves we have -report on a small underground mine
So, wait we do.
KGM Price at posting:
1.4¢ Sentiment: LT Buy Disclosure: Held
