Ann: Kaiser Completes Acquisition of the Henty Gold Mine, page-10

Hi dolci, being a long term KAU holder i want only good news about the exciting Henty acquisition but expect the actuality will be somewhat varied

CYL used what might prove to be an historic spike in the spot gold price to offload a mine that requires the full attention of its operator.

the historically strong gold price certainly makes for attractive profit margins now at Henty..

KAU have the work ahead of them to put Henty on a stronger footing.

For instance the actual head grade of ore it's processing of around 3 gpt suggests there's not much room for error. Any sustained slide in the gold price will see profit margins disappear quickly.

KAU exexcutive director and gun underground miner Brad Valiukas has been quoted saying he sees some relatively low hanging fruit to lift efficiency by 10%-15%.

sir, your time has arrived.

great to see KAU now has critical mass to get all things moving at A1 and Maldon.

the June quarter at A1 should theoretically provide evidence of a turnaround. But this expectation could be more of a hex thana new dawn: i've been so wrong at all times in the past about an A1 turnaround that i have no more ammo to shoot into the feet i once had. An epitaph: he loved doing a brexit on himself.

restarting the Maldon mine was first mooted by KAU early this decade and been mentioned many times since. Perhaps this will take place before the end of the decade, which would prove to be a major derisking event, moving to a 3-mine operation from the newly acquired now 2-mine op.

meaningful drilling around the high-grade historic workings at Maldon could spark sensational movements in the SP but, again, timelines stretch out and sometime in the decade of the 2120s looks comfortable.