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5.6¢ kin mining nl

cease not seek.

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RooBendigo

816 Posts.

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19/10/23

07:45

Post #: 70418062
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Originally posted by RooBendigo: ↑

Looking a bit harder at the annual report I notice we are told the position of mining manager was made redundant. I had been wondering if the redundancies had been in mining, didn't think to look further down. Bear in mind mining approval for the Cardinia and Mertondale ore is in final stages of approval. My guess is mining manager and team have been let go, meaning Kin no longer plans to operate a mine itself.

At the same time there is now a business development manager at $2000 a day.

I thought they would be working on a deal with DCN, but it looks like DCN will seek to exist very soon. I am hoping these clues point to an imminent commercial arrangement with GMD to mine and process the Cardinia ore.

The alternative theory is the GMD dangled an attractive offer for Delphi/Kin's blocking stake and Delphi/Kin said "ooh that is shiny", grabbed the money and forget about getting the ore mined and processed and forgot why they needed leverage. That is the "money of mine" podcast theory. I can't see it. For some reason all of the WA commentary underestimates Delphi. Not sure why.

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cease not seek.

KIN Price at posting: 4.7¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 5.6¢		Change -0.002(3.45%)		Mkt cap ! $65.97M

Open	High	Low	Value	Volume
5.7¢	5.8¢	5.5¢	$16.83K	301.7K

Buyers (Bids)

No.	Vol.	Price($)
1	88647	5.6¢

Sellers (Offers)

Price($)	Vol.	No.
5.8¢	157294	1

View Market Depth

No.	Vol.	Price($)
1	88647	0.056
2	260350	0.055
2	150000	0.054
4	186962	0.053
2	125000	0.052

Price($)	Vol.	No.
0.058	157294	1
0.059	335000	2
0.060	499322	3
0.062	248000	2
0.064	59166	3

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