Ann: Quarterly Activities and Cashflow Reports, page-15

Any doubts about the medium to long term viability of KAU will surely have been largely allayed by a careful reading of the December quarterly report.

the company has invested more than $6 million in the half year to December alone to rejuvenate and revitalize it's three major assets, work on which is ongoing.

the company has been coy about when it expects all the work to be completed and fully operational, including any formal go ahead for resumption of mining at Maldon, which will surely represent something of a jump shift in the stature of the company if and when it happens.

the capex has understandably run down cash reserves, and it isn't out of the question a small CR might be needed to bridge delays in say accessing the 2k ounces in the mill lining. Or are the finances of the company secure enough now that this could be covered by a short term bank loan or similar facility.

naturally, as a shareholder i want everything to have fallen into place perfectly yesterday. Of course this never happens in the real world.

KAU was always going to be an investment requiring patience but the company seems to be cracking on with what's needed at an admirable pace, with 2023 showing every sign of being a transformative year. It will be great ride.