Roo, the exploration and evaluation figure for the dec quarter...

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Copperkote

112 Posts.

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18/06/19

14:27

Post #: 39113551
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Originally posted by RooBendigo: ↑

Yes, it does look like the PFS costs exceeded the estimates for the quarter, and Spinoff was right about the placement. Was I right about anything? ... well I did say a placement wouldn't raise much.

The allowance for working capital for next quarter was small to begin with, so I hope a fair chunk of the $2.1 million adds to that.

Bit of breathing room I guess, and an indication that management were able to persuade large holders that the SP was heading up after the PFS..

POG is in our favour ... atm it is at 1960, which is within spitting distance of the resource cut-off. I wonder what POG assumptions will be used in the PFS?

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Roo, the exploration and evaluation figure for the dec quarter was 2.09 million with drilling and assaying etc included
the estimate for the exploration and evaluation in this current quarter was 2.6 million. So far no drilling has been announced ( and nor should they need to do any more drilling) so we can only guess why their estimate is that far short.
Either this mob is even more incompetent than the previous mob at controlling costs, which in itself would be a stellar achievement, or something else has happened. We little shareholders will never know as we are apparently not sophisticated enough to understand these things.

KIN Price at posting: 6.0¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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