Ann: Geolsec phosphate off-takes, RJ mine managem, page-4

re: Ann: Geolsec phosphate off-takes, RJ mine... Hi Aber,

It is nice to hear that you still stick with KOR. I just wonder what happen to Shrek. He was so humorous with his posts and I hope he is well and still play golf in China. Simon Snouckaert posted on 15/4/2010 (post number 5267100) on UAU float and hopefully she still own KOR shares.

My group and I invested in KOR and a few dozen other small cap/micro cap and few dozen in large cap stocks for many years. We seldom post comments on those stocks on Hotcopper because there are other champions/close followers / knowledgeable investors look after those stocks. It also saves a lot of time for not posting.

Directors (AK and other 2 non executives) and Management have spent time recently to create value for share holders. Dont forget they own about 33% of KOR shares. External factors such as market risk (the PIGS debt issue, Fat finger/computer error /hedge fund causing DOW to crash nearly 1000 points, market sentiment, etc), regulatory risk (causing delay to issue permit/approval for KOR project/ IPO, etc), political risk (new proposed RSPT [Resource Super profit tax] mining tax which may not pass the senate, etc ) and company risk (need more fund and have to issue more shares for right issue, placement, SPP, etc) may hinder or slow down the value creation as quick as possible.

One the market sentiment improves (PIGS debt crisis settle or risk perception reduce after A$ 1 trillion funding from EU/IMF, KOR will revisit its recent high.

In the mean time, with off time agreement of more than 30000 tonnes per year, Geolsec Project will produce double its profit from A$8 million/per year to About A$16 million per year due to doubling its production from 15000 t to 30000 t. The Geolsec project can also fund Melrose and Bobrikovo gold projects if they are delayed or not proceeding. For further details, refer to my previous post Geolsec Derisk the Bobrikovo amd Melrose Gold on 13/4/2010 and post number 5254452.

As for uranium float, there is a new uranium float seeking A$7 million for project in NT.
Principal Activities Uranium exploration company in geologically favoured areas of the Northern Territory
http://www.eclipseuranium.com.au/

AK will be informed on this matter by my mate.

As always, DYOR