Member Info for cautionarytale

Mr. George Ogilvie, President and CEO commented, "The mine optimization plan implemented in November and December subsequent to my appointment fully took effect in January, the last month of the quarter. During this month, operating and financial improvements were significant, producing 13,483 ounces at a head grade of 0.45 ounces per ton, generating $9.6 million in operating cash flow, and lowering all-in cash costs by 40% to C$1,513 per ounce. This all-in cost is expected to be sustained throughout the current quarter (Q4). The company expects to operate at cash-flow break even during the fourth quarter, and return to cash flow positive and profitable operations during the first quarter of fiscal year 2015 (Beginning May 2014). The cash costs in January were also substantially reduced from C$1,104 per ounce in the year to date to C$839 per ounce. It's also extremely encouraging to see Expansion Project Capital being completed with the final commissioning of the primary ball mill in anticipation of increased throughput in fiscal 2015. Annual project and ongoing capital spending will be reduced to $45-$50 million going forward with the completion of this expansion."

.. here's hoping they reflect the progress made since George Ogilvie became CEO

agree itsaduster - slowly creeping up under the radar - those mm's know what they are doing, keeping the day traders away

got to be a good time to BUY

http://www.barchart.com/opinions/stocks/KGI.LS

Mr. George Ogilvie, CEO commented, "We are very pleased with the results to date of this surface exploration program and are excited to shortly be able to announce a reserve and resource calculation on ounces close to surface for the first time in the Company's history. Intersections from the surface campaign to date have shown mineralization from surface to 1000-foot depth, which have the potential to be mined from a ramp or decline. The surface program will continue throughout the year as exploration continues both east and west from this area."

well... time will tell - George Ogilvie as CEO of KGI and director of RMM is an interesting (recent) link in my opinion

the link is George Ogilvie - new CEO of KGI and director of RMM - see RNS of 20 Dec

buyers spotting a bargain today

..any bets on an RMM takoever?

come on KGI .. potential takeover, George Ogilvie, better management ..it's all good!

I am a holder and fan too Randy699 - really impressive fundamentals - including a 6.52% divi on top - next divi due in April - ex div date late March. can't understand why this board is so quiet - but then it is usually quality investments where the board is just quiet and steady.

yep - onwards and upwards - Panmure Gordon broker target is 389

200 bid .. kgi is warming up now ..nice!

takeover time is coming

Yes, agree. Our patience will be rewarded come takeover time

Yes, and if you take a look at RNS "Holdings in Company" announcements Resolute Funds Limited, one of the Institutional Investors in KGI, has been quietly building up its holdings - now at over 11%. So, serious big boys interested in this share

.. according to the broker ratings on this site Investec have actually reduced the target from 353 to 200. Thankfully Panmure Gordon still rate at 389.

Board strategic review to enhance shareholder value, coupled with ongoing operational efficiencies

Agree with you itsaduster - come on KGI, we are all watching you! Price is fluctuating even when there are no trades or v low volume of trades.