Very bad management. Andrews just burning money, trying to make Kin attractive for a takeover. Looks like Kin will need to hire a lawyer . Very big task asking shareholders for so much money when no mining planned and the fact that no engineering company wants to take on the mill build with a company in so much debt. If they don't mine they will need to add to the debt the cost to rehabilitation the whole project yet alone finish moving Como mill. Plus the high salaries and costs. Going to have to find cash cow somewhere. Maybe they can do some outsourcing of there engineering debt skills to raise money.
KIN Price at posting:
7.5¢ Sentiment: None Disclosure: Not Held
