rhenium update, page-4

Im not to sure about the capital raising - from my understanding Kings doesn't have to put a cent more into Mexico. We'll have to look at the quarterly when it comes out and look at cash burn.

But I agree KMN is not a day traders stock. It does seem with the frequent small parcels going through daily there are some long term holders that are moving away which is having a negative effect on the SP - these holders probably got in sub 20s and are moving on. I just don't know how the sentiment is going to change with Kings - especially with the way management reports.

The reason I got into Kings was the molly story at Kalman. I was hoping optimistically they would have been able to capitalise on the current molly prices but the reality is they are imo at least 4-5 years away from a mine and who knows what molly prices will be doing then especially with a big increase in supply comming on board in the next few years. There is a lead time of over 28 months for a mill, the EPA will take for ever, and the hole mining lease application saga in Queensland is a joke. Don't get me wrong I think its a long term hold but its hard to keep that mentality with other molly plays/companies out there who already have the proven resource and means to treat the ore