he has a good track record with Goldies i.e. Samantha Gold Great Victoria Regis Resources
He seems like he knows his stuff
for him to be backing it putting 2 + 2 together
aquire kmc (Bullant) on the cheap which is strategically located smack bang in the middle of Phonenixs tenements
build mill , through a CR or debt instrument
he clearly has cash so he could potentially fund it via a creditor agreement
then start mining bullant & phoenix ground
i think the strategy will be outline post CR however I get the gut feeling that the underwriters do not want SHs to take up there entitlement so he can aquire the largest stake (majority) possible in KMC
2 years realistically before mining starts and then if POG holds up this thing should be a winner
Only reason I am considering taking up my entitlement is because Simon Lee is underwriting it.
Gwaihir are you considering taking up your entitlement?
KMC Price at posting:
2.0¢ Sentiment: None Disclosure: Held
