KRM 7.14% 4.5¢ kingsrose mining limited

Ann: Credit Suisse Provides US$15m Financing Faci, page-2

  1. 22,419 Posts.
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    re: Ann: Credit Suisse Provides US$15m Financ... This is very good news because it means that a cap raise (and consequent dilution) will not happen.

    The loan of $15 mil and the delivery of gold to Credit Suisse from
    Jan 2014 to June 2015 represents less than 20% production for that period.

    Now all KRM has to do now is get cracking on Teland Santo and drive
    deeper in Way Linngo and pour 12K ozs/Qtr AU and 80K+ ozs AG per qtr.

    A move up in the POG to $1700+ would also help.

    When Telang Santo hits its straps and when Way Linngo deeper veins are
    reached we should see close to 60k +ozs AU & half mil + ozs AG P/A.

    IMO, the gold presale is better than a silver presale because as world economies
    improve silver will likely resume its 50:1 price relationship with gold
    (at present 53.42:1......see Kitco )

    Cheers
    Moorookamick
 
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