KRM 5.56% 3.4¢ kingsrose mining limited

Hi Jumutri and all, Thinking outside of the box may just be a...

  1. 3,971 Posts.
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    Hi Jumutri and all,

    Thinking outside of the box may just be a little too advanced for this company at present I just wish we could see them start thinking inside the box. Because whatever they are up to at present to get back into production is a very well-kept secret from the shareholders. If they don’t like investors speaking their minds like this a good starting point would be to stop treating the share base like mushrooms or a rich uncle forever providing funds for management cock ups!!!

    If there are current savings on fuel and labour costs all I can say is thank goodness because the last couple of quarters as reported show the cost of mining (production ounces) to be just a little over the current Gold price. To add to that I’m still not convinced those figures truly reflect the full all in costs. Not when we require water pumps and future plant upgrades; this company is fast looking like an Indonesian government work for the dole scheme. Apparently we have a 15% Indonesian partner to overcome language, Indonesian mining and legal laws / rules. However; even with all this international brain power still some halfwit forgot to apply for a forestry road use permit!!!

    The company website does show some enterprise as it looks like we are paying for a small coffee plantation to be established. Possibly between that and a road base plant they can extend the current work for the dole scheme.

    Strange I don’t recall the original prospectus promising a work for the dole scheme and financial ruin for those thinking they were backing a one day flourishing mid-level Gold producer.

    Bill Philips may well know his stuff in this particular type of mining if we ever get around to doing any; however, I doubt even he will wish to continue hard rock mining into his eighties!!!

    The glacial flow of information to shareholders and the many other issues are really now causing me to ask how much longer I wish to take part in this tragic travesty of a company!!!

    If anyone reading these threads has any information about what is happening at site or any other words of encouragement it would be appreciated if they could be shared?

    Cheers and very best regards: Andy
 
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