Ann: Quarterly Activities Report , page-10

Although the verbal agreement has been given re re-opening Talang Santo,
the market has to wait until the official piece of paper has been issued.

Once this happens we should see the SP lift.

From what I can gather, the escape shaft and the pump sump are just about complete so there should be no impediment left except bureaucracy process.

We should expect an ann very soon now. In the interim, I suspect that major shareholders are picking up bargains daily.

The drop in the AUD will benefit KRM later. Even at a POG of $1390/oz USD ($1447 AUD), KRM will be very profitable. IMO, however, I believe that the POG
will be back over $1500 USD over the next few months because central banks,
jewellery markets such as India, Russia and the Middle East are buying but the nervious nellies in ETfs are still selling.

I have spoken to the company 2 weeks ago but, as expected, they did not want to say much except that they expected the official go ahead from the Malaysian Government very soon. They further said that it would take some weeks to get up to speed once the official permit was recieved.

Cheers
Moorookamick