No mention of production at all. Just more exploration.
This means further dilution is to be expected unless an offer comes in to buy out the company.
What would the share price have been if the previous board had built the mill and put in to use by now? Would the ounces produced be paying for the further exploration or would KIN have gone bust by now? We will never know.
I was attracted to KIN because they were going in to production with very little dilution of shareholders. It has turned in to the opposite now.
KIN Price at posting:
14.5¢ Sentiment: Hold Disclosure: Held
