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Entertaining that they are a "gold producer" and yet no one know...

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Tubsfahkwah

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30/06/21

09:20

Post #: 54163791
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Originally posted by adam101: ↑

hi Taytay,

haven't they already produced gold bars as per previous announcements? so this would intern materialise into revenue? the only thing we don't know is how much gold so far they have produced but I'm sure we will be updated of this in the year end reporting. until we hear from the company everything else is just speculation & I don't think they are going to update us every time they process a new bar of gold.

I struggle to see why opinions are formed that they are not executing. IMO they are executing exactly as they have advised from day dot. purchased a mine which has had little modern day exploration & a history of high gold production(something they wanted to do when the company first listed) got a mining crew, purchased all they equipment & are now applying modern day exploration techniques & are hitting substantial targets with drilling.

cash burn to date has been fine & we haven't taken into account revenue from gold produced (which is what we are all unsure on).

there has also been no indication of a cap raise, only that there is plenty of money in the bank.

I think we will all have a clearer picture after year end results but so far they really haven't put a foot wrong, it's all just speculation.

DYOR

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Entertaining that they are a "gold producer" and yet no one know how much if any gold they are producing.

KAU Price at posting: 25.0¢ Sentiment: None Disclosure: Not Held
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Entertaining that they are a "gold producer" and yet no one know...

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