Hi Lachlan07,Sent an e-mail to Peter Moore at KTE this morning...

Hi Lachlan07,
Sent an e-mail to Peter Moore at KTE this morning letting him know what i think of his management to date.
Advised him that sp is at an all time low and that his latest operational update is one of the reasons for the current market sentiment towards KTE.
Their cash burn rate is becoming disturbing, they bought in $9 million approx when they took over THK and by end of October quarter that was back to $5 million.
It appears they are spending more on drilling each well than what they are getting back in revenue!
He needs to come clean and let his long suffering shareholders know exactly what the true picture is rather than the bull we have been fed to date from he and his predecessor.
If he dosn't release an current overview of what we can "fully" expect in 2008 then i agree with you, the sp will be below $0.10 very shortly.