Ann: Kingsgate Equity Raising Presentation, page-21

13 days ago we traded at 146 now we are raising at 160....not bad!

hats off to the boys and girls running the show. retrace may be quite brief. Recently i bought into a stock which had been trading in the mid 20's, did a placement at 18c, retraced briefly and now is 30 a month later.

This is one of the best value LT gold plays on the market due to the exploration upside and the market knows it. Building a 5.5mpta plant would cost north of $200milion.

Only big ticket item to sort out is the royalty issue which was going to hit 20% at some gold prices

Crazy thing here is we are virtually no worse off than before the 2016 incident. Mad punters like me ( and there are a few like me posting here) were backing up the truck a few years ago in the 20's , have now cleaned up and can retire on the dividends .