KIN 1.49% 6.6¢ kin mining nl

KIN is now linked to GMD through the shares KIN holds and will...

  1. 798 Posts.
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    KIN is now linked to GMD through the shares KIN holds and will hold come March. GMD will release its five year plan in March, including plans to restart the Mt. Morgan's mill. One uncertainty we knew little about was whether the problem of water for the mill could be solved. I thought, based on nothing, that they might do a deal with KIN for Bummer Ck water. Wrong.

    GMD's quarterly reports a deal with POS (Poseidon ... I can remember the Poseidon bubble, as a child I hasten to add) to take water from their pit. They will need a misc. tenement licence for the pipeline but those don't seem to be a problem in that area. Resolving the doubt about water for the mill is an important step towards GMD producing a 5 year plan the market likes ...

    relevance to KIN is ATM what is good for the GMD SP is very good for KIN.

    Last edited by RooBendigo: 25/01/24
 
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