Kenadyr Mining Corp KNDYF

Kenadyr IR expenses over $1 mil last quarter

[Nuggetcatcher]

Dont everyone jump on me for asking this question and say I am a basher etc yada yada . Last quarterly report shows unbelievable IR expenses for last 3 months as over $1 million . I called the company and ironically got the IR service but posed my question as to how this could possibly be. They said they did not have the answer but would get someone from the company to call me. That was several days ago and I have heard nothing. Has anyone here inquired about this matter and gotten an answer? If so please share it here. I have several hundred K shares of KEN purchased recently at .12 to .135 cents but this item has me a little concerned. Here is the screen shot of the last quarter expenses showing what I am referring to.

[ALTEL]

I believe that is an error and should have been shown 2 lines down under “listing expense” scroll down to note 6 where it explains why it cost them over $1mil to get listed.   IR services should cost $6k - $10k per month   “Listing expense of $1,165,638 was incurred during the nine months ended September 30, 2017 due to the RTO transaction”

[Nuggetcatcher]

Sorry I see my screenshot did not post so here is a link to it. I see the listing expense listed in the 9 months to Sept 30th column but the IR fees show as last three months and are for $1,032,674. vs the listing expense at 1,165,638.as you said.  I am aware that IR cost are usually under $10K and that of course is the reason for my need to an answer for this cost. Overhead is already a

[Topcat]

Thanks Nuggetcatcher please keep us posted .

[Topcat]

Thinking about these extra IR fees it occured to me that perhaps they were payed out to ensure good relations with parties related to the recent acquasition of more prospective lands .  

[Nuggetcatcher]

Brilliant line of thought actually Topcat . You are most likely onto something. It could also have been related to Borubai and maintaining that license in good standing. I was quite puzzled though how the hell KEN got its hands on so much premium exploration ground all at one time spread over thre or four concessions. Your thoughts would go a long way to explaining that. I never did get a call