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@MadeOfRubber Nice to see an update and some overall positive news.
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@tcu Better than expected. Well done $KNT
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anonymous How much gold produced. Why couldn't they say that?
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@Mr.Smokey @anon come on, you can read the 'processing' chapter and use a calculator, can you? What I still miss derely is any mention of cash costs for production. Otherwise the news seems entirely positive.
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@D-Dubs What about expected drilling results from the drive to Kora? They seem to sweep that under the rug and only mention that they started the drive which was over two months ago.
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@Mr.Smokey Looked a bit through the numbers. Not so good in some respect. 1) grade is lower than expected/planned (5.5 compared to 7 g/t), but amount of ore is higher, so total gold contained is about same. The main issue I see is the recovery of only 72% in March compared to an assumed 94% (!) in the PEA. This is clearly a strong underperformance. They will certainly improve on that, but I really doubt that the assumed 94% will be reached, especially with lower-grade ore. And if I remember correctly (?), the recovery has always been the issue for previous owners as well. Makes you wonder if those 94% were not too optimistic from the start. This negative point aside, it is very good to see progress. In summary, I still see this NR slightly positive, as it demonstrates progress and ongoing work.
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@TheHolyBuyBull Sold half my $FF and $KNT shares today. It'll probably go higher.
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from #index,
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anonymous @bslusarchuk Funny how your initials are b.s. Coincidence? No. Hotel? Trivago.
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@marketwired K92 Is Pleased to Provide an Update on the Latest Grade Control Drilling on the Irumafimpa Deposit @marketwired/k92-is-pleased-to-provide-an-update-on-the-latest-grade $KNT $KNTNF #news/mining
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from #newsroom,
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Anonymous Anon, that is because the sector had the second strongest 6-month rally in its history. Turds like $GOLD $FF and $KNT flew. I'm talking about a short vehicle at market tops, not when the sector is running.
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from #z,
@marketwired K92 Mining Commences Underground Exploration Drilling Targeting Extensions of Kora copper-gold deposit @marketwired/k92-mining-commences-underground-exploration-drilling $KNT $KNTNF #news/mining
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from #newsroom,
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@MadeOfRubber Nice to see some numbers.
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@chatyak $KNT halt $GOLD
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@MadeOfRubber Well this should be good.
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@tcu Buy out coming? $KNT
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@MadeOfRubber Highly doubt it, too soon. Probably a good discovery, management change, or a major (Barrick) investing.
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@TheGalvanizer I'd guess financing.
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@MadeOfRubber @TheGalvanizer They raised 10 Mil 2 months ago, seems a bit soon?
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@tcu Ya, JV most likely I guess. I think since they are in production and had better recovery than expected maybe someone wanted to maybe take them out sooner than later latest discovery looked interesting
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@MadeOfRubber They were out doing road shows so you never know. Looking forward to anything that boosts this puppy back up.
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@anomalloy Overnight news from $AGB, $ASL, $ATY, $BFGC, $BSR, $CEB, $EKG, $KL, $LIB, $LSL, $MCI, $MDX, $MGG, $MJS, $MLN, $MOL, $MND, $PE, $PHM, $PJX, $QIS, $SAND, $SNL, $TEUM, $THO, $TLO, $VGO, $Z. Insider buying at $CBK, $EAM, $IDM, $ION, $MARL, $MKA, $NANO, $NHK, $PNE, $PNN, $PUR, $PVG, $RCU, $SPE, $XBC. Halted $IN, $KNT
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from #ninjapicks,
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anonymous How to keep an idiot in suspense #halt #knt
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@robmcleod $KNT still halted...whatcha doin' @bslusarchuk
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from #index,
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@younggun AGM starts in 40 min so would assume were going to get some info once theyre all done the meeting... patience
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@marketwired K92 Mining Discovers High Grade Extension of Kora Deposit in First Completed Exploration Hole @marketwired/k92-mining-discovers-high-grade-extension-of-kora-deposit $KNT $KNTNF #news/mining
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from #newsroom,
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@RocketRed 2017-05-24 13:01 $KNT News Release K92 drills 5.4 m of 11.68 g/t Au, 25.5 g/t Ag at Kora
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from #index,
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@Allan Bryan, when $KNT came public a lot of the promotion was based on the people involved and that they were going to be a mining company. Lately, I've been noticing more about the company's exploration efforts than about the mining operation. The focus seems to have shifted to marketing the exploration, is that because the mining is not going that well?
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from #index,
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@stateside Here are the list of attendees of the show in Vancouver this weekend. If anyone is going would you mind stopping by the Midnight Sun $MMA booth and ask them when they are going to announce their copper discovery? Thanks :) https://metalwriters.com/e/international-metal-writers-conference-68/exhibitors
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@Newton Trading again $KNT. That Kora Extension sounds like a doozy.
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@D-Dubs Worth a halt for that long, doubt it. But the news is good.
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@MadeOfRubber Was a bit dramatic #oldschool
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@MadeOfRubber Maybe buy back shares or something that'd be a good halt =)
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@TheHolyBuyBull "Land of big mines".. land of big mines. Big deposits, big exploration, big salaries and Big sales pitches. It might turn out to be one of the bigger discoveries ever made, or not. How it's been handled doesn't instill much confidence but what's under the surface there doesn't care about any of that. $knt
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from #index,
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@Maxhuntly $KNT looking for a short squeeze. Big lot buys and over 3mil on the may 16 short data.
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from #hotpick,
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@MadeOfRubber Awesome
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@Allan bryan, point taken, that is a big step out and hit. I'll look over the production numbers on $KNT.
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from #index,
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anonymous Not sure why, @bslusarchuk, but your update post is not showing in $KNT room. Maybe because it was tagged in brackets? https://ceo.ca/@bslusarchuk?d1f4034dee75 #Feedback
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from @bslusarchuk,
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@RocketRed @bslusarchuk $KNT KMDD0009  154.10 154.80 5.40 metres is that a typo error in news release?
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from #index,
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@bslusarchuk @rocketRed here is the $knt NR...it is 5.40 metres at 14.1 g/t AuEq..........the above must be a formatting/typo error but here is the NR with a table that reads properly...... http://www.k92mining.com/2017/05/k92-mining-discovers-high-grade-extension-of-kora-deposit-in-first-completed-exploration-hole/
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from #index,
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@bslusarchuk The technical team at K92 $KNT has delivered something quite exciting today, via the discovery hole (of the Kora extension) results. In the last 15 days, K92 has put out some very good news on production (production update, grade control results from Irumafimpa drilling, etc). And now, on the first hole completed in exploration drilling - a thick cut of high grade mineralization (5.4 metres of 14.1 g/t AuEq) that was drilled 500 metres along strike and 150 metres down dip of the known Kora Deposit. Look forward to keeping everybody posted as the drill program now intensifies and expands. http://business.financialpost.com/business-trends/k92-intercepts-high-grade-mineralization-in-exploration-step-out-hole
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from #index,
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@Mr.Smokey I think this NR is the point where the downtrend of $KNT will finally end. Market reacted cautious, but will realize after some time. This was a nice 500m step-out hit after all.
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anonymous @Mr.Smokey I was hoping that as well but there seems to be a lot of people burned by this stock and have a feeling sellers will be lining up bringing it right back down. Let's hope new and strong hands enter and remain to see out both Irumafimpa and Kora producing at the same time next year.
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