buyers at $0.006 falling off the perch, page-14

  1. 3,353 Posts.
    If you trawl back through the announcements, somewhere attached is a big long diatribe about the whole Oseil project and what the overall objective is over time.

    18,000 burns brightly in my mind as end objective for daily production. I would expect over the shrot term KRZ will be needing most of its cash as its contrib to the completion of infrastructure etc to get through all the Oseil phases, but now they are getting cashflow from Oseil on top of Bula production cashflow, hopefully no more equity needs to be issued.

    In time, when the options expire, and when the ongoing cash situation is completely clarified and KRZ is on a totally even keel, a consolidation and/or reconstruction of the shares will come to the top of mgmt's agenda. I particularly liked Beach's recon, I thought it was very well done and very well handled, with the bonus options a nice little reward for the patience of its sh'ers.
 
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