KRM 11.8% 3.8¢ kingsrose mining limited

what on earth?, page-2

  1. 735 Posts.
    Yes, this company has been on a rollercoaster ride for more than a year now and it's become very frustrating for all concerned. Why is it they are one of the most profitable gold companies on the asx but, continue to get punished when the gold price goes down.

    Investors should do their homework and see that even if the gold price retreated many hundreds of dollars this company would still be raking in the dollars, compared with many other listed gold producers which would basically have to close up shop, because their costs are so high.
    I've been bloody confused with the state of play with Kingsrose and not sure if that is due to them experiencing further difficulties up in Indonesia or the market doesn't believe they can be producing gold at such an incredibly low cost.
 
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