Ann: Company Update , page-18

Yes, this is a serious re-rating unfortunately as it is based on large volumes and values.

Back to back quarters of bad performance will do that.

This was a company of promise, now only a company of promises.

For a company of size to be dependant on a single pit when it has many, is alarming. If KCN is having trouble feeding one plant how will it feed two?

It seems to not plan for events like this, where the Thai government is known for delays seems like a risk.


Everyone misses out, even the government with royalties, which leads me to believe this may be all about power play with regards to the missed IPO and hence all parties using their leverage influence for power.

I mean wouldn't there be stockpiles built up to feed the plant when reduced mining occurs?

In the mean time the company's reputation is destroyed. When things go wrong they go wrong big time.

In saying this I feel the March quarterly will beat now current recent expectations, as we take into consideration silver and events in South America, costs, loan approval (fingers crossed) pay off of the old loan in march, no once off write downs and hopefully if reported at the end of April main road approvals etc.