KMC 0.00% 0.6¢ kalgoorlie mining company ltd

reality check -- 4.4c

  1. 3,827 Posts.
    lightbulb Created with Sketch. 79
    Instead of blaming sellers of the stock - how about some kind of analysis of the lack of reasons to buy the stock. We all know the former MD and friends have been sellers.

    Problems resulting in no buyers:

    - total disappointment so far on upgraded resource (told 1m oz by Christmas 2011 - ha ha)
    - total disappointment on drilling/sale/farm-in of Snowbird
    - total disappointment on funding for both stage 1 and stage 2 of mill - what's going on??

    Management is a rabble and this is reflected in the 12 month sp chart - savage non-stop decline, even while gold rising from $1100 to 1750/oz.

    Please management a simple request: fix the problems, communicate progress to shareholders and don't blame sellers.
 
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