$1.5 million unrealised FX loss looks bad but can swing back. I do agree they have a large team but I see KRM as almost 3 companies in 12 months.
KRM the Nordic Explorer which has Rana and Penikat
KRM and JV partner which will be paid for by the JV partner but KRM head count.
KRM North American Copper asset ( this is a guess as nothing has been confirmed)
Now to pull off this strategy you need head count and if you want good people you aren’t going to employ them over a week.
I think Fabs knows where he has to reduce cost and what the end goal is. I own 10.5 million shares here and I’m fully supportive.
Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-31
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