Kings should consider re-releasing its AU reserves estimate statement for its Mexican gold assets based on the current spot gold price. This may be released on a quarterly basis to reflect movements in the spot gold price.
If the statement was based on $700 plus gold, as it is now, the oft-quoted 10moz reserves (plus) would then be reflected in a revised share price reflecting at least fair value.
It will also be interesting to see when, and at what rate, silver closes the gap to reverse its current role as a relative laggard to the spot AU quote.
I agree with your concerns vis-a-vis the lack of regular company news updates. It is contributing to the curent price drift that we are witnessing and only serves to compund market fears and nervousness. This effect is worsened by promising news in advance and then not delivering the news to market. Perhaps juggling the operational and strategic management of both Bolnisi and Kings is spreading the team too thinly?
KMN Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
