Thanks...that answers my question.
4. I see that John Doody has once again put KRY in his top ten selection of stocks and has suggested that the recent PP is an indication that the company expects to receive the permit very soon; otherwise why dilute the share price by issuing more shares when there is no need to. Can you comment on the recent discussion with the financiers of the recent PP and what was said to them to convince them to invest in KRY? I know we were in Mr. Doody's Top 10 list last year. I believe he removed the Company from his list earlier this year concerned over the timeline for the Permit. Hopefully, once the permit is finally issued we'll appear on a number of lists.
Wookie....Re: Doody said
Did Doody change his opinion of KRY because the "excessive"amount of the latest financing increased the cost of his $\ounce gold metric to the point where he felt there were better plays...or was it the fact that management obtained more dilutive financing that, on the surface, would not appear necessary if the permit was very close...the implication being that management knows the permit is a year or so away....or is it the fact that he felt management screwed shareholders by excessive dilution.....the premise being that more shareholder friendly financing could have been obtained post permit. After all....everyone seems to agree and management has publicly stated that obtaining financing is not a problem. Don't get me wrong. I don't think Doody is the God of gold...but it is bothersome when yet another expert KRY supporter turns his back on the company. Any thoughts would be much appreciated. |
