KRM 11.8% 3.8¢ kingsrose mining limited

I agree lordolean,I believe that the problem is behind us and...

  1. 7,501 Posts.
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    I agree lordolean,

    I believe that the problem is behind us and since the market looks forward,
    we should be cruising by June.

    The report says that by June the throughput will be 400 tons/day rate; thats
    36800 tons for a quarter which is over 6000 tons more than either either of
    the excellent quarters ending Dec or Sept 2011.

    The report also says that some initial feed will be available from Telang
    Santo UG by June. Furthermore the cash & bullion increased from $39.2 mil to $43 mil for the qtr and the dividend will be announced at the end of the month.

    This dividend will put KRM in the exclusive club of 7 gold miners who
    pay dividends out of a total of 239 ASX listed gold miners and gold explorers
    (see AFR, p37-38, 28-29th April 2012).

    The sp drop over the past few days was likely due to some short term nervious nellies with stoplosses who don't understand the fundamentals of the company.

    She'll be apples

    Moorookamick

 
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3.8¢
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3.6¢ 3.8¢ 3.6¢ $6.25K 173.0K

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