Markucc, I certainly agree that the chairman and MD should be...

Markucc, I certainly agree that the chairman and MD should be independent.

I have never been to Sardinia, but friends have; the project may be it an excuse to visit his old hunting ground all expenses paid. There are far worse places to go on holiday.

KRM would not be the first company to mine an old tailing dam, so I have been told. The cost would be relatively low (simple mining, high volumes, not underground, large government grants, high unemployment, surplus of power). But I would agree, it is moving away from their area of expertise and expanding into Indonesia would be a safer bet. Like you, I bought due to the potential gold upside. The Sardinia project is not factored into the SP and the initial spend is relatively small.