King River Resources Ltd T.KRR.W

RE:RE:Huet is doing a great job...

[Farquar]

Goldbug52 wrote:

Farquar wrote: As much as Krr's management can be a bit annoying with this thing or that thing...If we are intellectually honest and take a candid look at the overall progress of this company, we can't deny that Huet has pretty much delivered the goods..You may love him or hate him, but despite all the enormous challenges and headwinds caused by the Australian govt and their irresponsible, illegal and extremely destructive covid policies and lockdowns, Krr's management has done a superb job of increasing production, increasing mill capacity, increasing the gold resources, increasing the nickel resources and almost completely de-risking the company going forward etc.etc....Some people claim that Huet's overpaid but the guy is improving the company every month...The problems that Krr has faced were problems caused by forces outside his control like inflation, labour shortages , severely delayed assay results, supply line interruptions , incredibly stupid government policies , quarantines and lockdowns etc. etc. ..The guy lost 26 employees who refused to take the useless covid vax and then he loses 40% of his workforce ( probably 140 people) for periods of time due to vaccine injuries, oh sorry, I meant to say due to the covid sickness..hahaha.( Don't want to hurt our lefty loosy liberals who visit this bullboard eh? .. lol) and despite all this, Krr is still in fine shape...So, now we are 3 months away from starting fiscal year 2023 with 150 k to 170k guidance at AISC of 890$ to 990$/ounce with net-zero debt and tons of extra cash and credit to plow forward with... How can anyone criticize Huet after all is said and done ?Very few juniors have this potential like Krr has...This company should do phenomenally well in the coming months and years... Huet is a top notch CEO and he along with many other directors and managers at Krr are going to make investors a lot of money going forward...

Farquhar, I love your positive spin on all things Karora :-))! I've pretty much had a position since the FDV. One thing that bothered me was how the news flow changed over the course of the last two months; from almost nothing to a torrent! Then Huet sells a pile of shares! Was this all to goose the price so that Huet could get maximum benefit? I hope not!
   What if gold doesn't go up as your rosy scenario forsees? The risk we all take, I guess!
    Can you believe the close; over half a million shares sold and bought in the last couple of minutes to basically keep the share price flat! As you stated in an earlier post there are massive shenanigans going on with the price suppression! Somebody with deep pockets is playing games for what I suspect may be a takeover bid at a cheap price!

Yes, Huet has sold a lot of shares in the past 12 months, but don't forget this is how he's paid...He recently bought over 40,000 shares.. So, it's not like he is just dumping his shares..Most of his sales were months ago when the " 40% absentiism nightmare" was transpiring...I do not hold it against him to think of himself and his family first because in this business, there is no loyalty ...he could be out of a job so quickly because of a takeover or something else....We simply don't know the reasons why he sold some shares now instead of later...The thing we as shareholders should be looking at, is the company prospects better every year with Huet in charge or not? I think the answer is yes, it's significantly better now than ever before...I am not overly concerned about the insiders' share sales because the company has just gone through a level 5 s--t storm that has been probably the worst conditions that any australian gold companies has ever gone through before...Thank goodness the price of gold has at least maintained a relatively decent level to help them survive through the absolutely destructive and let's be honest, evil govt covid policies that almost destroyed the mining industry in Australia...