KGL 6.98% 10.0¢ kgl resources limited

re: Ann: High Grade Gold Mineralisation confi... all s/h need to...

  1. 1,717 Posts.
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    re: Ann: High Grade Gold Mineralisation confi... all s/h need to realise the govt needs to go to local regions and municipalities in regards to the countries Law of Subsoil (Aussie equiv, state govt) which promotes foreign investment. And reinforce it....They are bullish foreign investment. Then the indep commission will go to the local communities (Aussie town/council) with the environmental report they requested (asx release aug). The emas report was positive so this should bode well for KGL. You must understand that the govt is bullish on the project, but they must get this thru parliament and these steps take time.

    Management have been careful and diligent in their handling of this. Pleased to see Simon heading over to add further credence to the project as in reality if there are no environmental issues this is gd for the country.

    The SP blows at the moment but management have played this exactly as they should have, we just need to be patient for a few more months.

    All in my opinion, from my own research and discussions.
 
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