RE:RE:outSure didn't feel like a face slap , butt kick .... to me. Really looks like a little hedging to me. Other gold companies are hedging the price of gold, since it is very risky times. If K92 goes to $12 then yeah, bad move. If the price of gold tanks and K92 starts earning much less , than brilliant move. That is what hedging is. Seems a great time to hedge a little. Storms are coming, we just don't know which direction they will blow gold price.
Pretty obvious what they will do with the money. K92 is a junior exploration , and somewhat production, company. They will spend the money when and if they feel comfortable and safe to do so.