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K92 Mining Inc. T.KNT

Alternate Symbol(s):  KNTNF

K92 Mining Inc owns and operates the high-grade Kainantu Gold Mine in Papua New Guinea which is currently operating at a design annualized production rate of approximately 120,000 oz AuEq per annum and is expected to produce at a run-rate of +300,000 oz AuEq per annum following its Stage 3 Expansion.


TSX:KNT - Post by User

Comment by cyber37on Nov 18, 2022 1:01pm
279 Views
Post# 35110859

RE:cash position -- pretty impressive

RE:cash position -- pretty impressiveImpressive? ….yes if KNT was a bank; but this is mining outfit so money they make should be for expansion, growth, acquisitions or pay dividends.  They went to market to issue more shares in June to get even more money at the expanse of existing shareholders (share dilution) …..with a very generic reasons too. John Lewins must be more specific why he is piling-up mountains of cash while share price is declining.   
G37  

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