Today is 13 Feb 18. These guys have had heaps of time and money...

Today is 13 Feb 18.  These guys have had heaps of time and money to progress a lot faster than what has been happening.  Easy to reflect now of course and I for one thought targets were being met easily.  However, the last quarterly demonstrates that all their good intentions may have been getting thwarted either through stupidity, lack of foresight or barriers.  I have no idea.  They borrowed $6.4m, raised $6.7m through share issue and closed out the quarter with $13.97m in cash.  Outflows for Q1/18 detailed below.  How much of the $800k has gone into drilling?  And how much of the $3m has gone into development? It all seemed to be progressing smoothly but now they have the $$ there appears to be a shift in the “people” dynamic.  The company owes shareholders an explanation, but I doubt we’ll get it.  No general meeting will eventuate IMO as I expect Sproule to resign and that will be KINs next announcement.  Following that, new MD, then new Tech Director or similar, new BoD appts and then some drilling results and update on achievements against the $3m planned development spend in Q1.

KIN, get you shite together and do it quickly.