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Ann: Appendix 3B-KOR.AX, page-10

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usc75

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03/09/16

14:25

Post #: 18908010
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Originally posted by Londoner ↑

Well I think he has now purchased 1/2 of the 10m shares. I think this is just sensible cash management on his part but equally the fact they should well be into the due diligence stage makes this latest payment at double the share price rather positive.

Hey Sydney how do you get 10 cent target - as if get $6m debt financing and given this is just an open pit operation (no production risk) I would have thought much higher valuation justified on the cash flow /earnings numbers previously touted, as that makes worth more than just a $20m market cap. I don't think I am certainly holding out for 10 cents if debt financing gets approved.

Then there is Geolsec and Bob. Geolsec seems promising but I do wonder how hard is to get a marketing agreement where no track record as a supplier and non JORC compliance resource (as if memory serves me correct no JORC for this resource done).

On Bob - if was not for Russian - Ukraine conflict this would be good early stage gold opportunity to get early revenue at the gate. Suspect with how things are in Russian-Ukraine relations this might be problematic for a while.

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Para # 1: how did you arrive at this figure????

KOR Price at posting: 2.5¢ Sentiment: None Disclosure: Not Held
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