Roo ,
I presume you read all of that in this statement of the announcement :
“The potential to enhance our mineral inventory through regional consolidation opportunities will also be evaluated given Kin’s location in the active Leonora region with processing infrastructure which has been purchased and partially developed. Other alternative strategic options may also be considered.
“The Board acknowledges and appreciates the support of Kin’s shareholders in this strategy.”
Very imaginative and specific translation I must say.
Sorry guys , but I did not realize that this highly fluid "stategy" was what was supported , signed up for and invested in .
I don't know about anyone else but I signed up for and invested in :
(a) - a Strategy based on low capex development (a statement supported by multiple company announcements , presentations , PFS and later a DFS , decision to mine and attainment of reputable project finance agreement based on this strategy )
(b) 2017 Diggers and Dealers Best Emerging Company Award winner.
(c) Clear path to gold production (refer a)
(d) Forecast timeline to gold production in Q4 2018 ( with all boxes being ticked right up until after plant construction had commenced)
Since then , nearly everything has changed : the company "strategy" of a low capex project with high margins delivered in a short timeline , the project variables , non variables , the board , management , a clear ( and led to believe attainable) project timeline , budget , geological assessment , gold grades , resource estimates and even the project name.
No wonder the last 2 directors resigned before the new PFS was issued ?
I certainly "hope" that the new company can eventually achieve the "return for shareholders" that continually gets a mention in announcements as my retirement plan is grossly affected if they do not . It is already about a year behind schedule so the sooner the better please gents !
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