Except for the small detail that there were underground water issues within the mine and it would have taken years to sort out. The mine was also in Care and maintenance and it has been since 2020. KRM have a 2% NSR on it. Ask yourself why the company who bought it have not restarted Gold mining there if it was such a good project. The price of Gold after all is booming. We were lucky to get it sold IMO.
When looking at the overall strategy, it is becoming increasingly clear that they are setting up Kingsrose for a sale. Sustainability report for microcap is a headscratcher in isolation, but look bigger. Land grabs, JV with BHP, district scale projects, High grade Penikat. Sustainability reports... I don't mind it. But for goodness sake, hurry up with some actually substantive price share moving news!
Fabian is more than capable to lead the ship, he's got a strong track record of doing so. Time to replicate it and get some urgency.
Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-25
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