A maiden divvy payer in June12 is a good sign they expect increased cashflow to support ongoing Div payments.
The low does appear to have been put in as each month, since May, a higher low is occurring.
The negative sentiment around Indonesia Govt policy, which does not affect this company, will eventually be realised as I expect earnings to support the fundamental story and a re-rating in time.
A tipsheet in May12 tells the story re:
The Indonesian government recently proposed a forced change in ownership structure for foreign companies.
This has impacted Indonesia-based stocks like IAU.
However, KRM is protected under an ownership structure called 'Contract to Work' valid for another 22 years.
And we have an exploration program underway which will hopefully yield additional resource.
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