KRM 2.94% 3.3¢ kingsrose mining limited

KRM, in development , is at least 3 years behind MML and of...

  1. 7,501 Posts.
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    KRM, in development , is at least 3 years behind MML and of course much smaller. MML's past original major shareholder/director/prospector, Bill Phillips , is now a major shareholder/director of KRM and KRM has poached MML's narrow vein mine manager a year or so ago to manage Way Lingo.

    While there is a difference in MML's multiple veins and size vs KRM, KRM is opening a second mine at Talang Santo and possible a third according a recent report by the CEO rather than multiple veins in the main mine ala MML. Whether these multi veins are accessed by a single mine or 3 seperate mines is not of real significence and, argueably, the 3 seperate mines derisks KRM.

    Media reports in the past have referred to KRM as a mini Medusa and I attended a presentation last year by KRM in Sydney where these media reports were alluded to and compare/contrast references were made.

    And. finally, a diviend at this early stage sets KRM apart from cap raisers
    and gives confidence to investors that at least a cap raise is not likely
    in the foreseeable future; otherwise they would not have a divvie.

    I was a significant MML shareholder while the SP was growing consistently
    but sold out @ $6.98 in favour of KRM as a better medium term investment.

    With kind regards
    Moorookamick
 
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