As we approach AGM, i though we should share all shareholders our experiences of the fake promises received versus what's actually then delivered...
If you have any good ones, please share....
I'll start off with a few oldies but goodies !
Jamie at 2023 AGM " I promise you all on a stack of bibles i will deliver 25,000 ounces a quarter in 2024 "---> Delivered 9,700 !
Nucharee onto the board in 2023 has great Banking contacts, will have great meetings, great contacts, blah blah -->Delivered ZERO!
Nucharee onto the board in 2023, great Thai contacts, invaluable !--> Delivered PMR delay, DPIM delay, 8 month plant #1 delay !
Jamie in Sept 2023 promising blasting " Soon boy's soon !" ---> Delivered, speech in January 2024, we just got permission last week!
Jamie all throughout 2023, pockets of higher grade will be fed through first to pay of debt ---> Delivered, still crap 0.4gpt after 1.5 years!
" Imminent sale of Neuva Esperanza", in 2021,2022 ---> Delivered, another $12,000,000 in burnt holding costs @$4,000,000 a year !
" Well advanced Cheap Thai bank loan, in 2021,2022,2023--> Delivered, world's worse dogshit Nebari loan after dog$hit Taurus loan!
The greatest of all is the Capital Raise presentation / November 2022 presentation --> Read that again, basically Zero of any promises !
Plant #1 would be ready by September 2023 --> Delivered April / May 2024, only 8 months later !
Jamie once promised me a visit when he was in town once in early 2023 --> Never showed up, no excuse, no call to say wasn't coming!
Ross has know promised a buyback would start after Annual report released ? --> Nothing yet, no money for buyback, all spent on conferences & the $500,000 pay increases for just the top2 employees responsible for this disaster have taken all our spare money ! Maybe the $60,000 Crown casino party cash followed by Beaver creek +$10,000, plus 5 day's later Denver Gold conference +$10,000 has overdrawn shareholder credit card !
I'm sure I've missed something ? Please Help me remember !
KCN Price at posting:
$1.39 Sentiment: Hold Disclosure: Held
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