KCN 0.00% $1.52 kingsgate consolidated limited.

General discussion, page-3417

  1. 10,601 Posts.
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    So the delay in getting paid for up to five weeks from after production comprises:
    1)The gold dore remains in the gold room/safe for up to two weeks after it is produced because a govt official has to turn up to take a pin-prick from each dore bar and then the results from that has to be reconciled/confirmed with Akara's testing. Once reconciled, I believe the royalty has to be paid on the gold dore before it can be sent to the refinery.
    2)The refinery would receive the gold dore the same day it is transported from the gold room. It is then refined and the bars sold with the refinery being paid up to three weeks after taking delivery of the dore bars and then Akara is paid.
 
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