Also spoke to management ~ you are 100% on the money. They have just enough money to poke 4-6 holes in Cobra then they will raise. If it’s dusters it will raise somewhere between 0.005 - 0.008c by the time they get the assays back. They may even be forced to raise before assays if they take too long.
Kaolin is worthless ! Brunswick I thought that was the one but they gave up after a cupl of holes and now low funds means they can’t go back. Cobra and Mustang - hmmm what more can u say ? It was a Hail Mary play that was purchased of Sentinel Exploration & that company is owned by one of the KGD directors so take that with a grain of salt who knows what was going on there.
I think this has turned into a hit and hope ~ and they are hitting with a pretty poor geology team IMO.
KGD Price at posting:
1.4¢ Sentiment: None Disclosure: Not Held
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