The mine will be closed within a few months, IMO, because it will run out of cash and there will be no lenders available with KRM's AISC of almost $3K.
Is there anyone out there who can read Indonesian who could find out and post the result of the autopsy
of the miner killed at Talang Santo in Sept 2012. If his death was caused directly or indirectly by
water in the mine, then there is a reasonable case, IMO, to sue the then directors for not informing
the market that water was a problem as far back as then.
No doubt Bill & his mate as secured creditors will have the first call on KRM and, who knows, may
inherit the lot for the debt.
Ann: December 2016 Quarterly Activities & Cashflow Report, page-3
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