Kingrose Mining - Banter and General Discussion, page-1225

IMO Pennikat isn't a catalyst at all in the near term or potentially longer. And no surprise as the company start to lean away from it as its flagship.


why? PT and PD is getting the rear end of it. a right ole rogering in the rear. Maybe not much to drill but a lot to set up too drill. And curios as to why an emphasis is on 400 drill pads when getting one pad going is a tough ask.

For all that Pennikat is and could be it could easily just return historical results and reaffirm what is already known not much more. That would be the worst thing one would hope. but if that were the case, it would be a sell the news still and be no catalyst at all. sorry to be glib and glum.

The market has said since acquisition other than a COVID pump of equites that no one can stomach the risk nor the wait.
The reason I bought heavy in the first place was Pennikat but they gave us some fairy timelines and we all got burnt.

The needle to be moved will be something that has not yet been seen or felt by the market.

it has cash.... that's it... that's alll