trading in krl, page-22

legin I normally wouldn't post on a stock I'm no longer n (though obviiously I'm still reading the forum) but I think you need setting straight as you're posts suggest you're not grasping the situation, despite nannooks attempt to set you straight.

There is BA mining taking place at Mamahak and there isn't likely to be any change to this in the near term. That's why so many of us have left. It is difficult to get mining equipment in Indonesia and the reason that the last quartlery was so light on goals for the next quarter and the one after that quite possibly the same is that it looks like a 6 to 12 month wait to get the necessary equipment on-sit to do any serious mining. The weather isn't going to come into it for quite a few months yet.

There's nothing management can do about this now. Perhaps they should have forseen this and pre-ordered contractors and equipment last year but I think money may have been an issue.

In the mean time you're probably seeing Bayan increasing their hold as I think without their buying the SP would be declining significantly. I can't see any other buyers coming in at this point as it's a given that the rest of the year will be a non-event for KRL. Smart money will be waiting till much closer to the action.

Given the likelyhood that Bayan are buyin' (excuse the aliteration) it seems that they are looking to increase their stake in KRL and it wouldn't be out of the question to ponder if they may at some point decide to take the lot. If you've got no other intentions for your money it might be worth holding on with that thought in mind. Anyone's guess though what the price would be.