Ann: Drilling Update, page-7

The fragility of KRC share price at this time is best explained in the very recent $300k raising at 1 cent.

The company didn't say it but 30,000,000 shares were issued to "sophisticated" investors to raise the $300k.

These people are generally short term holders with very defined purpose (quick profit) exit strategies. They put up cash for a quick profit and a rapid exit - they are not long term investors.

For the next few weeks I anticipate the sophisticated ones to hit the market on regular intervals endeavouring to take their profit to be ready for the next money making opportunity.

For this reason, without some very good drill results, KRC's share price is capped and has real potential for a significant fall in the not too distant future. I don't believe the sophisticated ones will want to spend Christmas being shareholders in KRC.

That's why we need significant mineral in the drill core and soon.