It's not so much the share price and the projects, it's the fact that they have run out of cash. Like others and VCR is a case, cash is needed to keep going. KMN have issued a share purchase plan and if that fails to attract any attention then it's curtains just like VCR. Raising money in this climate is no easy task and these guys are quite a way from starting a mine. I used to hold the stock but sold out to invest more in BMN which IMO is a far better bet.
KMN Price at posting:
6.6¢ Sentiment: None Disclosure: Held
