KRR 0.00% 0.9¢ king river resources limited

Ann: Tennant Creek Providence Assay Results, page-38

  1. 1,497 Posts.
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    @Lucky1970, all I can say is with the current mgmt at helm we could be here for years.

    They are going after East Tennant Creek just hoping they will hit something big. That's fine, but they also need to continue expanding on what they have discovered in Mt Remarkable and Kurrundi. And my point is there is no reason why they can't in two different locations at the same time. The current mgmt is lacking the passion, hunger and drive. There is no urgency and doesn't look like they have a plan either.

    Both Mt Remarkable and Tennant Creek Projects have substantial area under them (2100 sq Km and 6000 sq Km). Without the urgency and a proper plan, it will take years until you get lucky. The mgmt doesn't seem to be in a hurry. They are happy to drill few holes in 2-3 months and move at a snail pace. They are treating this like a retired mans portfolio. Let it grow at a slow pace and even if it doesn't do much it is fine.

    The question is, is this what most shareholders are expecting. There might be some who have invested small amounts and are happy to put this in the bottom drawer. There could also be ones who have put in substantial amounts.

    The sense I am getting is most people are done with the mgmt's lack of enthusiasm and passion.




 
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