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8/24/17

K92 Mining (KNT.v): Derek & Clive meets IKN's First Law

The Tommy Humphreys paid whore pump K92 Mining (KNT.v), better known as "The Derek and Clive Stock", ran smack into IKN's First Law of Mining News Releases today. Who knew community relations in Papua New Guinea can be sticky on occasion? Certainly not the greenhorn dumbasses who fell for Humphreys' pump job. Here's an excerpt from Derek & Clive's NR today:

"A meeting was arranged by the MRA between PNG National, Provincial and Local Government agencies, BILA and the Company. On the morning of Thursday 24th August, prior to the meeting commencing on site, a group of landowners represented by BILA entered the mine via the 800 mine portal. The company removed its personnel from the area in an attempt to diffuse the situation without incident. However, during their presence, the group caused major damage to two trucks and one small loader/IT as well as three light vehicles and some underground fixed plant."
Smelly. And here's that law again:
 "The IKN First Law of Mining News Releases: Considering that anything contained in a mining news release is presented in the best possible way for the company in question, any piece of information contained in a NR that comes across in any way negative means the real news and/or events behind it must be very, very bad indeed."
And for a final flourish,  here's how Derek & Clive has done since its first mention on IKN back in November:


What, 59% down Tommy? Funny how this one doesn't get much mention on CEO.ca any longer, innit guv. But don't worry newbie dumbass, Tommy is your friend and he has a new stock tip for you soon.