High Risk Tip, page-29

Hi Jumutri and all,

I finally gave up on KRM voted with my feet and sold the last of my holding on the 20^th of January.

The final straw was the announcement 18/01/16 the 62% increase in mined tonnage to 21,341 tonnes was obviously meant to sound impressive; however, at 235 tonnes per day or around a garden wheelbarrow full of ore per miner they will only need another 62% increase in production to achieve the 140,000 tpa Merrill Crowe Circuit capacity.

I can only wonder if the plant and miners are ever pushed to capacity what may happen. I know from experience when you let a diesel engine work for years at half throttle what often happens when you try and run it at full noise.

As I bid my long suffering fellow KRM shareholders adieu I wish you all the very best of luck and hope that one day the constant run of bad luck this company appears to attract comes to an end.

I still like the Gold sector and moved the sale proceeds into another mining company.

Cheers and very best regards: Andy