Kin crisis deepens as Como report leaked

BOTH sides in the battle for control of Kin Mining are making their pitches to shareholders, with the “Save Kin” rebels arguing the company is staring down the barrel of insolvency and instead needs to develop the project, while the critical Como Engineers report used to pause development has been leaked in an apparent bid to shore up support for the new strategy that argues more exploration is required.

Kin crisis deepens as Como report leaked Kin crisis deepens as Como report leaked Kin crisis deepens as Como report leaked Kin crisis deepens as Como report leaked Kin crisis deepens as Como report leaked

Work stopped at Leonora earlier this year.

At a meeting in Perth on November 29 shareholders will be asked to choose between two visions for the company.
 
Either they can believe claims that risks have been addressed back switching its focus back to getting the Leonora gold project into production or sticking with the new strategy of taking additional time and treasure to derisk and reconceptualise the project.
 
Recently appointed managing director Andrew Munckton's team has kept the Como report out of the public eye so far, but has used it to justify the revised strategy.
 
A copy of the 37-page report seen by MNN found no fatal flaws in the former strategy outlined by ex-technical director David Sproule and MD Don Harper, but warned c...