It’s time for another in our occasional series, with today’s spotlight thrown upon Kenai Resources (KAI.v), a small exploration stage junior miners working the Tapajos region of Brazil:
VANCOUVER, BRITISH COLUMBIA–(Marketwire – Oct. 25, 2012) – Kenai Resources Ltd. (TSX VENTURE:KAI) (“Kenai”) retracts the portion of its October 23rd, 2012 News Release content wherein the Company stated, “With a grant of a trial mining concession, we plan to recover an initial 58,000 ounces of gold over an 18 month period.” The Company cautions that it “has not completed a feasibility study to demonstrate that this proposed operation would be economically viable, or that the proposed time frame for such production is reasonable.”
About Kenai Resources Ltd.
And this is what it means:
We’re full of shit.