As has just been pointed out, the BHP 'grant' pays for a significant amount of our overheads, which have increased as a direct effect from the exploration/spending obligations that we have under the BHP program. Our actual cash burn YOY (or indeed since the BHP deal) is nothing to worry about IMO. We still enjoy the spending buffer for some time and I am confident that within that timeframe, KRM's elusive deal will finally occur and then the share price has a reason to move properly one way or the other.
More than happy for my assumption to be proven wrong, but via facts - not speculation please.
In the meantime, this stock trades on absolutely tiny volume, no need to read too much into any price moves when the daily value of trades is around $20k!!!
KRM is well run and honest and remains a long hold, in the hope of significant upside. Anyone trading this otherwise is only going to be disappointed.
KRM Price at posting:
3.6¢ Sentiment: Hold Disclosure: Held
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