Ann: Quarterly Activities and Cashflow Report , page-5

$70 million cash gone in 3 months? At this rate I doubt K will live to see production, at least under the HGO mantle. The more I look through the detail the more I feel investors have been sucked in by a game of smoke and mirrors. A lot of huff and puff, but in reality nothing much seems to be happening. No mention of share buyback status either. What's the explanation? The rhetoric in the report seems a tad defensive to me. If I am missing anything genuinely positive, please let me know.

I can't help but feel there may be more to the boardroom activities in recent months than we are being told. Yes, I am pretty disappointed.