Concur wrt above. By when you are coming off a small % base as kin was then the cost overruns might not be that large in actual terms. I personally think even if the cost over run was calculated to be likely $10m that could ha e been handle so much better than how it has been.
i will stand by my thoughts that the two directors resigning was entirely due to politics simply because Dixon was still heavily promoting the company and the project was still all is great after their resignations. If they left because Dixon or someone in the company was asking for a peer review, as they suspected the project would “significantly” going to run over costs, and Sproule disagreed then Dixon should be held accountable for misdirection. At that point in time he should have gone to the market with the truth.
KIN Price at posting:
8.4¢ Sentiment: Hold Disclosure: Held