KRM 2.94% 3.3¢ kingsrose mining limited

I may have come across as a bit harsh on the MD. The Way Linggo...

  1. 131 Posts.
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    I may have come across as a bit harsh on the MD. The Way Linggo project was sold by the directors to KRM in a related party transaction, which I usually view as an excuse to offload assets to sucker shareholders, but it looks like this one has come good so at least the directors have a decent track record.

    Still, I look at Indonesian gold miners like ROL and PCP hitting high grades in very similar locations (geographically and geologically) and see their share prices taking off and wonder why it's not KRM's *sole* focus, conserving cash until they are at least cash flow positive. Commissioning and ramping up mines are notorious cash black holes.
 
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