The POG is having its effect on the SP but the biggest issue is the resumption of mining at Talang Santo.
The acting CEO is in Jakarta presumably moving things along. It seems that the information given to the company via its Indonesian partners was not a accurate as it should have been and , IMO, the problems at Freeport McMoRan has delayed KRM too.
There is a reasonable chance that we'll be seeing an announcement in the next week or so.
Once mining recommences we should see SP action because despite the low POG, KRM is one of the lowest cost producers on the ASX.
Given the length of the delay, KRM, IMO, will likely get stuck in high grade right away because they have had oodles of time to plan re-entry and the mine will end up being much safer than before.
At $1290 USD ($1400 AUD) POG, KRM is, IMO, very profitable and if they can get to the high grade silver in Way Linggo soon, that would be cream on the pie.
Good luck to all long term holders Moorookamick
KRM Price at posting:
32.0¢ Sentiment: Buy Disclosure: Held
