The chips are down for KRM's new MD given that he has been in the job since July, has had his first AGM and inherited a very profitable producing goldmine.
The recent share price drop is of concern because the company has not yet managed to convey the true potential of KRM to the market which leaves the company at the mercy of sentiment and day traders.
It is quite ironic that the share price has been over $1.90 earlier in the year and now that the operation has been significantly derisked and the POG in AUD holding at $1700 that the SP is not at a year's high.
Small companies like KRM who have not registered a years EPS live off announcements and the management are the only ones that can govern this.
So KRM management, it is now up to you to produce the goods; we loyal shareholders have already done our bit and we are waiting.
Cheers
Moorookamick
KRM Price at posting:
$1.36 Sentiment: LT Buy Disclosure: Held
