KRM 2.94% 3.3¢ kingsrose mining limited

Hi Jumutri and all, I finally gave up on KRM voted with my feet...

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

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