I have emailed the administrators for an update...
Noticed KRM that were in administration for over a year has now employed a new CEO to take the reigns....
Answers cant be far away,, what with the company having a record haul in its last months?? was it 19,000 ounces? My Last conversation was that administrators are carrying out a thorough forensic accounting and communications investigation...
I asked if the Directors were a flight risk and NO, until the investigation is complete any travel has to be approved. I also asked if they were monitoring Directors assets so they werent being stripped,, YES they are so if wrong doing is found then reparation could be a possibility ..
it comes down to when were WPG insolvent? was it when Management stated they WITH HELD payment from Pybar that would indicate they had the funds to pay but chose not to over a disputed account...
My concern is what has happened to the last wash up? where is the actual gold?
will keep HC informed as i progress,, I feel pretty certain there will be a full investigation,
With the POG still climbing surely a suitor could be found to purchase the deposit and claim?
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