KRM 4.76% 4.0¢ kingsrose mining limited

Ann: Credit Suisse Provides US$15m Financing Faci, page-2

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 22,988 Posts.
    lightbulb Created with Sketch. 769
    re: Ann: Credit Suisse Provides US$15m Financ... This is very good news because it means that a cap raise (and consequent dilution) will not happen.

    The loan of $15 mil and the delivery of gold to Credit Suisse from
    Jan 2014 to June 2015 represents less than 20% production for that period.

    Now all KRM has to do now is get cracking on Teland Santo and drive
    deeper in Way Linngo and pour 12K ozs/Qtr AU and 80K+ ozs AG per qtr.

    A move up in the POG to $1700+ would also help.

    When Telang Santo hits its straps and when Way Linngo deeper veins are
    reached we should see close to 60k +ozs AU & half mil + ozs AG P/A.

    IMO, the gold presale is better than a silver presale because as world economies
    improve silver will likely resume its 50:1 price relationship with gold
    (at present 53.42:1......see Kitco )

    Cheers
    Moorookamick
 
watchlist Created with Sketch. Add KRM (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.