KMC kalgoorlie mining company ltd

re: Ann: Operational Changes - Bullant Gold P... Doug, over the...

  1. 3,827 Posts.
    lightbulb Created with Sketch. 79
    re: Ann: Operational Changes - Bullant Gold P... Doug, over the past 6 months and particularly since the sp broke below 10c ps there's been a Tale of Two Cities here.

    1- The MD and supporters putting out a story showing a vastly undevalued business on it's way to 50c or $1 per share creating some Rapid Shareholder Wealth for Clever Followers getting in at ridiculous low prices
    2- People who Knew Better furiously selling to the Clever Followers. Go back and look at prices and volumes since August and therein lies the story. Former MD and mates, many Kal locals, ARD shareholders who could see the operational problems, some very wise Fund Managers.

    When the story finally comes out, suspect it might be there is nothing at all wrong with the mine or the resource. The next owner will make an absolute fortune on it for sure.

    The Tale will be operational and financial Mismanagement and incompetence everywhere in KMC but somehow concealed from other than people who Knew Better. The music only finally stopped requiring some "Operational Changes" when there was No Money Left to pay the bills and it was Lights Out time. The crushing circuit was never even started for goodness sake. That $4m CR just went down the same gurgler as all the other money.





 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.