RPM 1.45% 7.0¢ rpm automotive group limited

I was initially disappointed because I thought Gindara was going...

  1. 148 Posts.
    lightbulb Created with Sketch. 15
    I was initially disappointed because I thought Gindara was going to be drilled this year, but the more I think about it the new strategy makes complete sense for KIK shareholders.

    In fact I think it's brilliant.

    1. Drill low cost low risk plays first.
    2. Drill not 1, but 2 shallow plays, reducing discovery risk even further.
    3. Get production cash flowing as soon as possible.
    4. Maximise opportunity of options being converted.
    5. Option cash and production cash reduce % farmout of big prospects, reduce need to dilue and increase the upside for KIKers.

    I like it, I like it, I like it.
 
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