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Business Description: Kingsrose Mining Limited (KRM) is a gold and silver exploration and development company. KRM flagship project is the Way Linggo Gold Project in Sumatra, Indonesia.
Strategy Analysis: KRM‚Äôs strategy is to grow through exploration and through the acquisition of new projects and to emerge as a low cost gold miner. KRM currently focuses on the Way Linggo property located in the Rim of Fire on the Trans Sumatra Fault Zone, Indonesia. It aims to boost production of gold and silver at the project through new production areas, such as Talang Santo. Following the mining activities schedule in 2013, KRM will continue on preparation of an updated project feasibility study, environmental impact study and foresty permit, with the production forecast for annualized rate of more than 40,000oz Au.
Kingsrose Mining reported positive cash flow of $183,000 for quarter ended 31 December 2012. Operating cash flow for the period was $(5.22m). Payments for exploration and evaluation were $(1.28m). Investing cash flow was $(416,000). Financing cash flow was $5.82m. Cash in hand at the end of the quarter was $8.84m.
By Michael McCarthy (chief market strategist, CMC Markets) 19/12/2014 |
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By Betty Lam (Sales Trader, CMC Markets) 18/12/2014 |
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By Michael McCarthy (chief market strategist, CMC Markets) 18/12/2014 |
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By Betty Lam (Sales Trader, CMC Markets) 11/12/2014 |
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By Ric Spooner (Chief Market Analyst, CMC Markets) 10/12/2014 |
Yesterday‚Äôs news on Greek politics and China‚Äôs bond market came at a time when US and European stock markets have extended rallies and pushed valuations higher. This makes those markets vulnerable to downward corrections as profit takers act to avoid missing out.
BR Securities Australia Pty Ltd 2/12/2014 |
December 2014 could go down as a nasty moment in Australian finance. MYEFO will reveal a deteriorating budget deficit and the UNFCCC meeting in Lima, Peru will provide the agreement, to be ratified in Paris in 2015, on how much (or little) CO2 is to be allowed into the atmosphere from 2020.
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