Krm22 Share Discussion Threads

[holism] 17/2/2011 16:40

Yes Hectorp I think this is the beginning of the next stage- and I think the original resource figure based on 8 or so grams per ton is clearly well understated.The next two quarters will be very interesting. Lets hope the gold frenzy is still going strong in six months time.

[hectorp] 17/2/2011 08:21

Very good article, Holism, by 'Tim Treadgold'!
So they are bringing out much higher grades than expected even with elements from what should have been zero grades. Very interesting. As stated above, there isn't much in the price for expanded resource discoveries, with 6 rigs, that seems very likely. Noted that someone from Co-O is with them, presumably giving very good guidance re the ore veins and how to best develop them.
The share price has failed to retain the upward strong trend but I'm not really concerned as I'm going to balance that fact with the upside that seems very probable.
H.

[holism] 17/2/2011 06:59

If it goes any lower it must be worth a short term trade!! Someone wants to sell some shares and the buyer looks stronger than the seller.

[holism] 14/2/2011 15:15

Well worth a read.

[holism] 14/2/2011 08:16

Yes I think option holders ( original owners of mine?) are cashing in.The vultures are out in a thin market. I expect this to be short term.

[hectorp] 14/2/2011 07:57

I agree holism.
down strongly overnight on Oz however.

[holism] 13/2/2011 18:05

Results were good- all to play for. 3500 ozs per month look very achievable and exploration news pending I feel.Cost of production coming down and with silver at $30 we could see sub $100 per oz net of silver credits.However the share price is lagging MML's performance but not by much. Upside here exponential.This could double very easily provided exploration can deliver and production is maintained. No news yet on Sardinia.

[hectorp] 12/2/2011 14:29

Seems to hold support at the 50day.
Up 5c on Friday, makes a change.

[hectorp] 02/2/2011 07:50

That would all be great holism. The share price has started to drift a little
( though many miners have in January).

[holism] 26/1/2011 12:59

I think quarterly results will be out in the next few days. I am expecting a run rate in December in excess of 2750ozs, news on exploration, an update on the sag mill and dare I say it Sardinia!! With 1/3 of silver sold forward cost of production net of silver credits should be less than $100 making KRM one of if not the cheapest producer. Cash flow will enable the company to move forward at a fabulous pace. This year will be exciting.

[hectorp] 07/1/2011 11:06

I'm pleased to have gotten in late in December, though could have done much sooner. Not too late.
I'm very happy with the silver forward sale reducing debt and the Way Linngo developments.
Roll on 18 months then.
I'm not concerned if they don't try for a large JORC statement, MML have not suffered from proving up as they drive on.

[davidblack] 02/1/2011 10:12

There was mention of the possiblty that there could be a "string of pearls" distribution of gold deposits in the licence area. The board is a bit heavy weight for the simple high grade mine they have now! They are looking and five drills on the property tills you of there intent.

At $135 a metre and say 100m a day they are spending $1.5m a month! Assuming they can add gold ounces at below $25 we will start to see a lot more action on the JORC reserves in the coming months?

[holism] 02/1/2011 09:29

Davidblack- going forward I would be surprised if the above figures were anything other than conservative all things being equal, which they seldom are. If gold stays above $1350 and the silver price $29 I can see annualised cash flow approaching $90M by July. Tax at 25% comes into play but even so the company should outperform if they can find additional ore body. And then of coures we could have the prospect of a distribution in specie of the Sardinian assets. Happy New Year.

[davidblack] 31/12/2010 16:53

21 December 2010

MEDIA RELEASE

KINGSROSE ARRANGES A$13M SILVER FINANCING

Kingsrose Mining Limited (ASX:KRM) is pleased to announce that it has successfully arranged a prepaid silver forward sale transaction with Credit Suisse International raising A$13 million and allowing Kingsrose to repay various outstanding loans totalling A$10 million.

The quantity of forward sold ounces represents 37% of targeted production over
a 24 month period.

The silver financing effectively allows the Company to apply surplus funds now being generated from production on an aggressive exploration programme with 5 rigs are now operational with another due onsite by year-end.

The Way Linggo Gold/Silver Project is now on target to produce 45,000oz of gold per annum at a cash operating cost of $147/oz (after silver credits), making it one of the lowest cost gold producers globally.

[holism] 31/12/2010 15:44

Davidblack- happy New Year, this board is very quiet. There seem to be several talking points explaining the restriction on the share price The first is the confusion caused by the Sardinian venture. This should be resolved within 3 months. At the moment nothing is in the share price but as with all negatives it could have a factor. The second is the love hate relationship with Bill Phillips. His strategy is to drill and produce and forget the JORC appetite of the City. And finally questions concerning both their COW and future local participation.Personally I feel confident cash flow will grow from the current 3000 ozs per month to maybe 5000 ozs by next June, cost of production will be below $100 per oz net of silver credits which have been locked in to some extent with the recent forward sale.
Surplus cash flow looks a certainty, do you think this company could be taken over or as with MML before it are the closely held shares enough to see off an opportunist.
$5 in 18 months and I will have a hangover!!

[davidblack] 31/12/2010 15:18

Spoke to most of the board at the Australia day presentations at Mines and Money in Dec 2010.

Most interesting issue was that they expect a lot of surplus cashflow to be able to explore and possibly find Way Linggo look a likes.

The second thing was there was doubt they might ever need to issue another share!

$5 in 18 months is my bet?

[holism] 21/8/2010 14:59

hiijinx- the sky is the limit here, however you have to believe in the management at this stage. The resource will increase substantially whatever that means, 140000tonnes of ore at 16 grams/T works out at about 70000 ozs. There is considerable upside if they find another ore body to feed the mill.Then of course we have the Sardinia situation which could either be a company maker or a damp squib.Too early to put some numbers on the project. Full annualised production at 40-45K ozs should be achieved by end October given the stockpile of ore. I love it!!Bill Phillips is the man when it comes to vein mining he has learnt a great deal at MML and no doubt from Halmahera Island.I think the next 3 months will be very interesting. However the market cap is high given the fact that they have a small resource figure and have only just had the gold pour. This will be fully justified IMHO.

[hiijinx] 21/8/2010 12:16

thanks for the krm board andy.

there were a couple of updates from aug 17th which show lots of info. for those wanting to see a resource increase there will be a program of 15,000m surface and 8,000m underground drilling plus 6 field geology teams will be on the ground working on prospect identification and evaluation, all to complete by june 2011.

[holism] 18/8/2010 06:53

I will second that. Haven't looked at all the minutae yet but I did like the reference to substantial increase in resource. That could mean the resource figure may end up near MMLs at 500K ozs.

[barongboy] 18/8/2010 04:10

My I be the first to say well done!
friday was indeed a great day and may we have many more.GLA

[andy] 17/8/2010 23:41

The first gold and silver pour was last Friday, Friday the 13th!

[andy] 17/8/2010 23:27

,img src="http://www.kingsrosemining.com.au/images/banner-js.jpg">

Kingsrose Mining Limited is a specialist high grade, narrow vein underground gold miner.

The company operates a gold mine in Indonesia and is evaluating a tailings deposit in Italy.

The company listed on the Australian Stock Exchange in December 2007. (ASX code: KRM)