KCN 2.05% $1.43 kingsgate consolidated limited.

Current Mgmg fake promises Versus actually delivered...

  1. 1,020 Posts.
    lightbulb Created with Sketch. 2664
    As we approach AGM, i though we should share all shareholders our experiences of the fake promises received versus what's actually then delivered...

    If you have any good ones, please share.... cool.png

    I'll start off with a few oldies but goodies ! smile.png

    • Jamie at 2023 AGM " I promise you all on a stack of bibles i will deliver 25,000 ounces a quarter in 2024 "---> Delivered 9,700 !
    • Nucharee onto the board in 2023 has great Banking contacts, will have great meetings, great contacts, blah blah -->Delivered ZERO!
    • Nucharee onto the board in 2023, great Thai contacts, invaluable !--> Delivered PMR delay, DPIM delay, 8 month plant #1 delay !
    • Jamie in Sept 2023 promising blasting " Soon boy's soon !" ---> Delivered, speech in January 2024, we just got permission last week!
    • Jamie all throughout 2023, pockets of higher grade will be fed through first to pay of debt ---> Delivered, still crap 0.4gpt after 1.5 years!
    • " Imminent sale of Neuva Esperanza", in 2021,2022 ---> Delivered, another $12,000,000 in burnt holding costs @$4,000,000 a year !
    • " Well advanced Cheap Thai bank loan, in 2021,2022,2023--> Delivered, world's worse dogshit Nebari loan after dog$hit Taurus loan!
    • The greatest of all is the Capital Raise presentation / November 2022 presentation --> Read that again, basically Zero of any promises !
    • Plant #1 would be ready by September 2023 --> Delivered April / May 2024, only 8 months later !
    • Jamie once promised me a visit when he was in town once in early 2023 --> Never showed up, no excuse, no call to say wasn't coming!
    • Ross has know promised a buyback would start after Annual report released ? --> Nothing yet, no money for buyback, all spent on conferences & the $500,000 pay increases for just the top2 employees responsible for this disaster have taken all our spare money ! Maybe the $60,000 Crown casino party cash followed by Beaver creek +$10,000, plus 5 day's later Denver Gold conference +$10,000 has overdrawn shareholder credit card !

    I'm sure I've missed something ? Please Help me remember !

    rolleyes.png
 
watchlist Created with Sketch. Add KCN (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.