KMC kalgoorlie mining company ltd

Management was terrible before so agree they can only...

  1. 3,827 Posts.
    lightbulb Created with Sketch. 79
    Management was terrible before so agree they can only improve...

    Last Quarterly reported $2.79m cash and expected burn of just over $1m in Q just past to Dec 31 so there's something less than $1.7m in kitty now and will be down to less than a $1m this quarter. Some sort of CR onto $1.3b shares on the way very soon. The major shareholders will mop it up and dilute anyone not prepared to put more in.

    The problem with the 330k oz resource at Bullant is the depth and lack of reserves makes actually mining it at a profit a risky proposition. I felt the latest resource upgrade was a tad disappointing given time money and effort spent this year. Hoping for a game changing find which wasn't there... Outside Bullant, good luck trying to make money out of the small lower grade resource at Wattlebird.

    Theres a lack of tolling capacity in the area, thats why it's expensive to do it. Nothing has changed. Building a new mill - and tolling ore for others - is a great idea in theory but is going to cost at least $30-$40m.

    Unless something changed recently, North American nickel assets are next to worthless based on buyers EOIs.

    Hard to see what they have done to get the doubling from the 0.5c that the sp has hovered around +/- in 6 months since it relisted with Kwok buying support, but somebody is suddenly excited about something judging from the massive volume price spike. Going to need more to keep the run going up...Looking forward to hearing the news that's brought all new the buyers in...

 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.