What is the story with Kaolin? There was some release about it but no follow up at all. If they have stuff happening behind the scenes then they really need much better investor relations and marketing practices. Purely judging by how much cash they have spend, it looks like they have not done much. From an outsiders point of view it’s like they raised cash with promise of exploring a project. Did an initial drill and then just left it and now just living off the cap raise to pay themselves?
Instead of getting some good results so share price will appreciate and do CR at a premium, they are selling projects for cash so they can continue paying themselves instead of exploring. This is an exploration company so why are they not exploring? I can’t see any strategy here other than directors retirement fund? Would love to see updates and actual exploration. If they actually start to operate then at this market cap it’s a buy for sure.
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