Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

K92 Mining Inc T.KNT

Alternate Symbol(s):  KNTNF

K92 Mining Inc. is a Canada-based company, which is engaged in the production of gold, copper and silver at the Kainantu Gold Mine in the Eastern Highlands province of Papua New Guinea, as well as exploration and development of mineral deposits in the immediate vicinity of the mine, including Blue Lake, in Papua New Guinea. The Company holds the mining rights to Mining Lease 150 (ML 150). Within and surrounding ML 150 is an epithermal vein field consisting of multiple known and highly prospective vein systems: Kora, Irumafimpa, Karempe, Judd, Kora South, Judd South, Mati, Maniape and Arakompa. Mining is focused on the Kora vein system, consisting of two dominant veins and the Judd vein system consisting of four known veins with one vein being mined. There are multiple near-mine infrastructure targets, within the Kora-Kora South, Judd-Judd South and Karempe vein systems.


TSX:KNT - Post by User

Bullboard Posts
Comment by krishakon Nov 02, 2017 7:56am
200 Views
Post# 26892662

RE:Raising money

RE:Raising money
You asked te key question, which the CEO Ian Stalker addressed in numerous interviews starting in February this year.  Stalker maintained that that "cash flow" from production would take care of the companies expecsives ans so, unlike mmost other start up resource companies, K92 would be self funding going foward and have no need for any further financing.

Those deniald have proved to be lies, Stalker was replaced as CEO, without any resonable explanation, and so frustrated shareholders are left pondering the cautionary words of Brent Cook.

Brent Cook is the only real "mining legend" who I have heard commenting on K92, in a BNN interview. A caller in asked him for his opinion of K92. He replied that it was essentially a "show me story" in that narrow veined mines were notoriously difficult to operate profitably.

So more importantly than the missing Corporate Presentation, that one recent poster was asking for, is the missing finacial information. Where is the evidence that K92 is actually making money, rather than using proceeds from its numerous financings to purchase the gold it requires to meet its contracual obligations?
Bullboard Posts