Ann: Notice of Change in substantial holding, page-23

There’s a liquidity problem with Krm ...
Some long term top 20s don’t trade at all ...even if they wanted there’s no demand atm ..
So what management is focused is to build the big picture through producing/developing/new discoveries
And all this with the money they earning from production.They don’t have any debt which is a plus when we seen bigger gold companies than us gone busted in the last year even with gold at 1500s

‘What is important to note for Kingsrose is that we have no debt. We have cash reserves. We are funding our own capital development. We are producing in order to fund the future projects of Kingsrose. We have just confirmed to market some excellent drilling results and we are building that picture to be able to tell the market.