I think it forms a base. At least they are not bleeding money,...

I think it forms a base. At least they are not bleeding money, and they will have $15 million from the sale of Shine to cover expenses.

I must admit though, I'm not totally sure where the receipts are for the ore sold or the costs??? Is it because this is just a holding company with KML being the private operating company? If so, I can now see why people are/were complaining about the operation.

It is a shame more disclosure wasn't forthcoming.

Still, I rate this as a long-term buy. I think if KML can solve their issues by the end of the March quarter, then 2014 could be the year it bounces.