Member Info for JimBL

SELL, quickly!!!

Produces 850k oz per year. We haven't even established that amount as a total resource! This ramping is just getting to silly levels. Try and keep it semi serious! So in that vein (pun intended) and much more likely :- "Regular Mining Journal commentator and US Global Investors head Frank Holmes says there are opportunities for investors as the world is running out of gold mines. Holmes said the rising cost of exploration - as explorers had to "dig deeper and venture farther into more extreme environments" - meant senior producers might decide to acquire smaller companies with proven, profitable projects. This could create a lot of value for investors, so I would keep my eyes on juniors that look like targets for takeover, he said" And that's a DR strategy in the past and certainly already voiced over Klondyke.

Aye - wait until he trips over the numbers for Melalene etc as well ;-)

It's not priced in for no reason pertaining to the current political situation whatsoever. It's not priced in because no one has a clue what is happening with the original license application. We've all surmised and probably made hopeful excuses (mining conventions etc) for several years now - but the fact is there has been no definitive explanation provided. Try asking DR yourself on Thursday. Happy for you to post what you are told.

Fella, why you posting this over rampy nonsense? Togo is a sore subject for anyone who has been in here for more than 2 mins.

And no chance of finding diamonds as they have no active licenses - and no money with which to mine!

22nd Dec 2016 - they wrote Kono off. An additional $4.3 million impairment to add to the $19 million spent there. "the Directors have again reviewed the carrying value of the Kono project in the accounts. Given the focus on Tongo-Tonguma and the passage of time with no additional progress being made on the reinstatement of the Kono licence, the Directors consider that the carrying value of project should be fully impaired at this time and accordingly an impairment charge of US$4.3 million was made during the year."

Yeah, us (LTH's) are effectively priced out of any reward here (let alone break even). Now, let's see how long it takes them to burn through the remaining $1.25 million + the OO funds!

$10 million to get started, and at least $32 million over the first two years. Completion of the Guinea asset sale is much needed in order to pay for the Tongo license ($0.5 million) The company has no money after all so another share offering is also likely resulting in further dilution. Many of us in here are in the same position you faced with PRG.

Yeah, they will acquire the 50 tph processing plant for a 'nominal fee'. Not sure what acquire actually means as elsewhere it is stated if for any reason the agreement gets cancelled we'll also have to give it back, along with other fees. For sure, all shareholders in here have experienced nothing but sustained losses over many years. It seems (to me at least) that there's little prospect of an investor coming in, especially considering it's been over a year since we were suspended due to the original Octea deal ( a RTO, which then became a JV). I'm not going to be exactly shocked if the company folds and reopens under 'new' owners who have managed to obtain the asset for peanuts.

That comment has me over a barrel... ;-)

Unfortunately it is starting to look that way. However, whether he likes it or not, he has a whole raft of shareholders over here invested in KRS and quite a few of us have been here a long time and through much. I wouldn't want nor expect him to relinquish anything - but appointing someone to get on with driving value for KRS in its own right has to be an equal priority for us as far as I am concerned. It's all starting to feel like we are the unwanted stepchild locked in the basement!

Can't see how it can be anything but much further down the track. There can't or won't be a sale until the full resource can be established. The new deal with NOVO means CAI now have even more acreage, never mind the external plots further south.

I don't see the point, for the reasoning we are discussing here. He's not going to tell me or anyone else anything we don't already know - though of course the whole in-specie thing was out of the blue even if, to me, it doesn't sound particularly firmly thought out. I'm getting somewhat agitated by it all. Seems to me whether it's in-specie reward or an eventual sale of CAI, we are going to have to sit and wait for any value to be realised as KRS does not appear to be making any moves of its own. Talk of Togo being on the back-burner supports that - as there is no delineation mentioned between the cobalt exploration licences and the manganese. I fear therefore our sp is just going to languish for a considerable time to come and that's not at all why I originally invested here (now quite a lot!). The BOD surely have to start paying some attention to KRS itself.

&Welloil- Not particularly inclined to believe Dave would give any public info out that is price sensitive. He's always been extremely cautious in that regard. I've been in here 6 years and have always found him to be extremely responsive and as open as he can be. That's what puzzles me about this. Ok, no doubt he's busy, but surely such a major factor for SH's is hardly something which would just slip your mind? I note again though how he throws a possible (CAI) sale into the equation too.

When exactly did DR believe he had made this 'clear'? There's been no official release on such a move and the only reason we are discussing it here now is because of someone else's email to him.

I'm not even sure that scenario is correct. We surely need to ask ourselves why Octea haven't developed Tonguma themselves - and what are the 'encumberances' on that license which STEL still won't explain?

Kev - 2195? Can you explain how you got that number?

What media, mate? Surprised there's any coverage as the company continues to do nothing at all. The last time there was a spike in media coverage - it turned out KS was being interviewed by STEL's own PR advisors! (Blytheweigh on Tip tv)

Value? Lol! Cant start mining until they have that license too - and that requires another $0.5 million. AND of course they need an investors funds to commence mining anyway as they are competelely potless. Still no sign nor word of that investor being found.