As in any investment, it is good to open up debate on all the negatives. So thanks for letting me air these and for the constructive replies. So maybe we should switch to the positives now - no daft ramping please - the usual ones about "we could get news tomorrow and this stock is about to ten fold" particularly grate with me. I have been following KMR quite closely recently so to open the debate on positive issues I wonder if anybody has thought about the potential for a take-over in the wings as soon as the licence issues sort themselves out? Let's face it, nobody on our current board has any mining development experience and they all own very hefty lumps of stock - I'll throw the Iluka name into the mix seeing as they are supposed to be due diligencing KMR just north of our licence area. Thoughts on that?
This share reacts through the roof on good news, there isn't really any bad news thats due, if the appeal is granted, than that effectively throws out all the previous judgements and put PFP at the end....., theres only good news to arrive, this question is the timing...will it arrive in time. Im interested to see the accounts asap as i feel that they will only arrive at the end of June and I'm not expecting them to show show terrific figures as theres nothing to report apart from spend and cash available, they have net traded anything for over 2 years.
I wouldn't worry about running out of money. The case is so strong now that they wouldn't have any trouble getting funding from a Litigation Funder like Calinius.
What does worry me is this absurd ruling over the jurisdictional clause, which they have used to set aside rulings made by the UK courts. I'm not sure if this is a real issue, or just a sovereignty face saving gesture by the Moz courts. The technical point they have made is very very odd.
This scaremongering would have some substance if it were early last year. But now we are virtually there...and what else we have had the Supreme Court ruling in our favour already. The General as always is doing what he does best...delay proceedings by appealing everything. It is only a matter of time now. GLA
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