Why did it go from being a small toll treating play to something that required a treatment plant worth 150% of its market cap???????
Why are they continuing/refusing to reveal the true cost of current mining?
Why talk about a Capital raising in the States only to drop to their knees immediately for a Placement?
The 6.5M isnt building a crushing plant, Its been tossed at mining costs. Whats it going to look like when they reveal there is no crushing plant underway?
Theres a whiff of Panic in "Ye Olde Lolly Shoppe" ATM. I'd say Chris is tearing at the remaining clump of his hair. I mean he's done a corporate video with Shorty. He's had a groovy Old Logo designed,and he's even produced some Gold. Its just not responding like Niagra/Posseidon did to the same old ECT.
The deeps had better be the extension to the orebody that we are praying for................or else thats it folks game-over. This is going to be 30 cents in 4 months or Bankrupt. Whats the next option SP consolidation or a capital raising at 3-5 cents....for Petes sake!
The mining team know what theyre doing and theres Gold there according to the rumour mill but this Board needs to be very very careful about their employment of capital. I do not concur that the shareprice is a direct function of further complications or issues at the mine. Its pure Greed V's Fear in my view. This is a play for the suicidal ATM but may I suggest when/if good news arrives "load up". I would be if I hadnt already bet the Farm on this.
KMC Price at posting:
2.1¢ Sentiment: LT Buy Disclosure: Held
