feasibility study (dfs) ??, page-6

Guys the market cap of KGD is $23 mill.

For PNG to put in $$$ to get to 30% they need to put in $45 mill.

If you have $45 mill, will you put buy 30% of a 23 mill market cap company ($7 mill value) for 45 mill.

There is no way in heaven PNG will kick in $45 mill to own 30% - $7 mill of stock.

This one is dead in the water. They have not incrased their gold resources in 2 years. Lord knows what they did with 10s of millions of dollars. They have simply paid salary, drilled few holes, filled in a few govt forms, and advanced next to nil in two years.

What a bunch of dummies the managment is.

Someone will come along and and take the entire company over for under $40 mill. But if that does not happen the management will still scratch their bums each night, collect their salary, and do what they have done for two years... NOTHIN

So, then in year or two, the takover person will get the entire company for under $20 mill. The management of this company are about the dumbest I have ever come across. They are not dishonest. But they are as dumb as a rock on a road.

But, like the hobos on George St in Sydney. They do know how to vist the ATM to get their salary. Aside from that - typing four numbers into the ATM machine - I have no idea how they even figure out how to tie their shoes in the morning.

DUMB DUMB DUMB

And wating for PNG to 'gift them' $45 mill. Did I say DUMB.