Hi Dougfr and all, Well now we have managed to embarrass some of...

Hi Dougfr and all,

Well now we have managed to embarrass some of the deadwood sucking the company dry to leave and the new pumps are on site and working and Bill can suck dry the mine workings containing the often mentioned but little realised Bonanza grades we might have a chance at last.

Its OK at $0.21 saying this company is worth a buy; however, the majority of the long suffering shareholders still need this company to move some 200-300% just to get back in the game. Still this would be possible once we see the production targets made by the company in the past actually being realised.

The amount of ore to be produced by the current work force is very small by Australian standards; and if the grades promised are found to be better than expected due to Gold wash out when drilling clay etc. then it should not be difficult to see a re-rating of this stock.

I think we have the right man on the job in Bill Philips as this type of mining is his area of expertise we just need to break this last two years of rotten luck and appease the Gold God’s. We can only hope the Gold God’s are satisfied with the S. Huffadine sacrifice. Whenever I spoke to him he always referred to the problems occurring before his arrival and apparently had no intention of taking ownership of his position in the company, clearly his actions prove the kitchen was too hot for him.

Anyway from now on let’s hope it’s onward and upward and welcome to any new speculative buyers at the current price I feel you are onto a winner.

Below a link to Motley fool article:

“Kingsrose Mining Limited (ASX: KRM) saw its share price gain 5.3% today to 20 cents. In the scheme of things, it’s not a huge rise – just 1 cent and shares are still down over 83% in the past 5 years, and 23% in the past 12 months.”

https://www.fool.com.au/2015/12/07/are-kingsrose-mining-shares-a-buy-at-todays-price/

Cheers and very best regards: Andy