The problem is the spec end of the market is being cut to...

The problem is the spec end of the market is being cut to shreds. Gold specs no exception. As producers are gaining (albeit mixed) those without income have lost value recently increasing the divide between producers and explorers.

Nothing to do with the placement CR, the whole spec end of the market is doing it tough.

KAL has two avenues to grow s/p, with further announcements and with the juniors being re-rated to reflect increases in POG. The announcement we have to wait for and the re-rating of juniors seems to be on hold atm, needs a trigger..perhaps a take-over bid instead of juniors putting out for sale signs.

Need to wait it out or get out if impatient. Sentiment seems pretty good though for gold, just need it to filter down the pecking order.