KRM 0.00% 3.8¢ kingsrose mining limited

Ann: March 2016 Quarterly Activities & Cashflow Report-KRM.AX, page-5

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  1. DSD
    15,799 Posts.
    lightbulb Created with Sketch. 29
    The shaft that delivers ore to surface needs maintenance.... fairly straightforward operation and ansituation often faced by mining engineers. Should be right within 5-6 weeks. The water ingress is also manageable but needs bigger pumps installed via the widened shaft. So also 5-6 weeks. meanwhile mine still producing but output will leap 5-6fold when the above issues are sorted. My take/strategy is: Buy below 20c be patient and reap rewards starting June 2016. Jump in Ag price doesn't hurt ither.
    Last edited by DSD: 09/05/16
 
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