Kingrose Mining - Banter and General Discussion, page-1649

KRM is not different than most of the spec stocks listed on the ASX . Unless they have a good "GOLD" project on the go there is not much interest and is being sold down
Look at $GWR for example; $40 million in cash , iron ore royalty income and a $10 million holding in a tungsten stock and its trading at a $29 million dollar Market Cap.
I told Fabian 2 years ago to secure another project as the greenies were going to do anything to delay drilling . He didn't listen and got the chop eventually
I wouldn't be surprised that shareholders who paid multiples of the current share price have decided to throw in the towel and take a tax loss