Well imo the market priced this in awhile ago and no real surprises.
It does not mean all is lost for Kimberly.... just back to the drawing board.... 2 steps forward... one step back to regroup.
On the bright side... pun intended.... is gold.
Gold drilling at C.Yilgarn and Mangaroon starts as soon as weather permits.
A damn good thing DRE are not a one trick pony.
It's a tough gig with explorers atm and DRE are not alone there.
The one shining light for DRE as I see here and now.... are the gold prospects.
The POG is going to stay high for so many reasons and US$2.5K per oz is not unrealistic imo.
A few good solid intercepts will help prove up these prospects somewhat and hopefully shore up the SP.
Central banks... worldwide are now singing the same tune re interest rates dropping.... funny that.
Watch gold fly then.... inflation is not going away.... may even get another roll on.
We have good gold prospects, good crews and management.... and we all need a good dash of luck.
With luck and a few good gold hits.... by the time we get back to Kimberly.... things will look better.
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