RE:RE:RE:cash position -- pretty impressiveGLAD to see some healthy up day but.....
While 9% ‘up event’ over one or two days is impressive one needs to take into account 40% decline from April to end of October 2022. Also; long term ZERO increase over 2 years (Sep. 2020 –Sep. 2022). Yes I‘m aware of covit, supply chain issues or horrible war in Ukraine but PNG was ‘relatively’ isolated from it - still all those were major factors negatively effecting KNT. But last quarter was disappointing & a missed chance to show progress. With ‘only’ ~130k oz annual production it looks more & more like 300k oz will be a major stretch. I wonder what excuse will KNT have this time around to kick the can down the road …..again.
Maybe those proxy advisors will come up with something….eh!?
G37