KMC kalgoorlie mining company ltd

Off screen Buyers Theres got to be few lurking today. Nobodys...

  1. 1,750 Posts.
    Off screen Buyers Theres got to be few lurking today. Nobodys showing their hand yet but this things a "lay down missere" to nearly double its present market cap based on any reasonable assesment of projected earnings.
    Or is the appetitite for risk broken? 10 years ago this would have had a speeding ticket shortly after an announcement like Yesterday.

    Could be interesting.

    heres a glossary to help today:

    Off screen buyers :Sydney Taxi Drivers
    Gold Mine: A liar standing next to a hole
    Generating Rapid Shareholder Wealth:Paying ourselves 250K a year and eating in the best Restaurants.
    Mine Development:Eating in the Best Restaurants
    Treatment Plant:Those drawings on the large pieces of Paper
    Debt Funding: Too Hard, Dillute again
    Placement: Giving shares to Brokers who will have us as a sell within 2 weeks of the placement
    Toot Toot: I'm really desperate to ramp this but devoid of arguments
    Sub economic/Marginal: Im getting really frightened about this investment and its starting to remind me of all the other lousy ones.
    Confidence in the Board: No Idea about the Board; are they really playing cards at Judds Kalgoorlie Hotel?
    Experienced Management Team: Drink beers with David Reed
    Excellent Management Team: Give cheap shares to Ord Minnet.
    Development Drive: Unable to pay Qantas invoice, driving to Perth to give away more shares to Ord Minnet.
    Mining Team: The guys who worked on the Ore Body last time they closed the mine.
    10 Bagger: It's now doomed hence my desperate ploy to get out .2 cents higher
    Toll Treating agreement: result of eating in the best Restaurants
    Its doomed: I'll be taking a large position shortly
 
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