RE:RE:slightly o/t, but semi-related I don't see why you interpret this so negatively. Even without doing anything at all, it was clear from the very start that they are hoping to bank on closeology. Obviously, since they named their company "Kainantu".
Now that they are taking early steps in field work, they'll see what actual commonalities they share with K92. From the very start, KRL has made it very clear that they hope to benefit from the same structure feeding K92 ( assess prospectivity of " extension of high-grade mineralisation from the adjacent K92 project " ).
At the same time, they make very clear that they are still just trying to understand what they're looking at. As per the news release:
" Data is currently being analysed.
Assuming a positive assessment and in combination with mapping and geochemical sampling, this work is a key milestone step "
" mobilisation of the airborne program was successfully undertaken in co-ordination with other successful operators in the Kainantu region, Papua New Guinea ".
" Airborne geophysical survey conducted at both KRL North and KRL South, in co-ordination with Kainantu district miners."
" Focuses on delineating the possible extension of mineralization from K92's project into KRL North, especially in relation to the Arakompa/Maniape veins along elements of the Kainantu Transfer Structure "
" this programme was intended to assess whether the enhanced structural permeability extends to KRL North from the adjacent rich Bilimoia Mineral Field (where K92 operates) "
I don't know for sure who those references might refer to, other than K92 ???
You seem to suggest that KRL is just a pump & dump operation. I disagree, since theyve been candid regarding their rationale in acquiring these leases, since their first appearance on the exchange.
As I've previously stated, I've just got a small trading position (35k), just in case their hopes and rationale pan out.
At the same time, I figure that successful outcomes in the future by KRL could also be very beneficial to K92, as it would also enhance K92's understanding of the geology surrounding their mining lease, and might assist in an expansion of their lease holdings in the immediate areas surrounding their (K92's) mining lease in the future, which I would guess they might already be contemplating.