KRR's 2856 ozs sold first week in January for 7.9 mil $cdn So Huet mentioned there was about 2856 ounces of gold not sold yet in Q4 , that was probably sold in the first week of 2024 for around 2050$US/ ounce for about just under 7.9 million dollars canadian, so their cash in the bank should have been around 90 million$ and not 82.5 million $ cdn...
They were supposed to get that new ball mill operating at Lakewood in Q3/Q4 but still not a mention of that , but instead Huet keeps saying that Lakewood mill has a 1.0 million ton/year processing capacity instead of the 1.2 million ton/year capacity it is supposed to have after the ball mill is added to the mill.. More lack of transparency for the retail shareholders..
What about Krr's shares in Orford mining? Orford was just bought out , yet no mention of this development from Huet? After selling millions of shares of ORM in 2020, Krr still had almost a 12% ownership of ORM at the time, so what happened to those shares? More lack of transparency for shareholders, more keeping of shareholders in the dark..
Huet never gives news on nickel drill results.. Where is the progress on the nickel resource? Gotta keep the investors in the dark, I guess...
But getting back to that ball mill at Lakewood mill, you would think an increase of 200,000 tonnes/yr capacity was newsworthy? I guess not...
Back in Q1/2023 Huet said that the new ramp was finished but really wasn't as now we are approaching a year later, with all 3 vents built, with many more trucks and equipment in the fleet and yet production is still at 40k/ quarter!? So, now he's talking about building stopes or something like that..Again, poor communication by Huet..
Huet better come out with a higher guidance than the 170k-195 k for 2024...