SL1 0.00% 0.0¢ symbol mining limited

I have also contacted DMR and was happy with his prompt reply. A...

  1. 710 Posts.
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    I have also contacted DMR and was happy with his prompt reply.

    A few of my thoughts:

    * Building of Uganda oil pipeline looks to be fast tracked and cutting through Tanzania, which make our blocks viable for production and you would expect could add significant value to K-K.

    * CPR to be released soon, and will be 'a useful tool for the Company in many ways'. Hoping that if/when further funding is required, this can be used to generate significant interest in K-K's prospectivity and reduce the impact of capital raising on current shareholders (who knows what will happen, not me certainly).

    * Tanzania AGM presentation indicated that K-K drilling could start within 5-6 months.

    * Oil price seems to be stabilising.

    There's a reason why Hayaat hasn't jumped ship. SWE could be in a very different position in 6 months (or less)... I'm happy to hold, wait, and see.
 
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