Company in TransitionWith the news this week out of Australia it appears to me that Kincora is a company in transition. They have been very supportive of GoM for many years but how many times do you have sand kicked in your face before you finally stand up for yourself and move on. New exploration licences are not being issued with nothing new issued since July 2019 and a moritorium is now in place for 2020.
I am not suggesting that they will walk away from Mongolia altogether as Bronze Fox is still there and I still believe that there is a high grade zone there to be found. I do hope that they return there soon with a rig to drill a few more holes but with no new ground available in Mongolia I am pleased to see that they have looked elsewhere.
J.M.O.
Chipshot2