You are correct Boles, $500k is peanuts probably keeping management salaries going and a few biscuits in the tea room. Not sure about KIG, odd that there was very little detail released about the company or its management. I found this while doing some research:
https://ch.linkedin.com/pub/ittipong-suwanwong/14/195/963
Ittipong Suwanwong
Chairman of Kingsford Investment Groups and Chairman of KIG Suisse Trust AG
Chairman
KIG & Citigold Pty Ltd.
August 2014 – Present (9 months)Brisbane Area, Australia
- Gold mine with gold reserved over 25 million ounces
Seems this fellow from KIG, according to what is on the Linked In page, has been chairman of KIG& Citigold since August 2014!!
All very interesting really but who knows what is TRUE when it comes to the internet.
DYOR My thoughts and ramblings only
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You are correct Boles, $500k is peanuts probably keeping...
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