I posted a few questions on here couple of days ago- awoke to a trading halt, and this reply from KMC..
Bullant remains on active care & maintenance status – we are yet to appoint a mining contractor, but have 2 shortlisted who are champing at the bit to mobilise as soon as KMC appoints preferred tenderer & finalises the contract documentation. I have had a few yarns to various Mine Manager type persons & believe an appointment can be made when required.
Obviously, the trading halt today pending an announcement regarding a corporate transaction, is preceding full disclosure of said transaction in due course. This transaction will have a material effect upon the company, hence the halt.
But believe me: the latest mayhem in the gold market does weigh upon the strategic considerations of a gold company, KMC is no different, & when certain corporate transactions are proposed it is wise to pause & assess.
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