If we have good volume come in on the back of our anticipated announcements you would have to think a break of 34c last year and a test of all time highs... IMO a pullback will inevitably occur before we start producing and will probably be another slow period between November to May next year but then in the month's leading up to completing the mine build and producing that's when anything is possible depending on offtakes in place and graphite prices. If things go to plan I will probably offload half between 40-90 cents on the back of these next few months and hold the rest. Very hard to pick the sell points once the spot price is running. This year sold AC8 early at 65 from 20 and it went on to the 90s (but now it's in the 40s) and CIA sold at 45 and it went to $1.40 but did get the ZLD high right at 13. I think we deserve a great run on KNL in the next couple of months but we need everything to go right. First quarterly report after producing, one would like KNL in the $1-$2 range? Volumes will be interesting in the near term. Would prefer a slow constant spot price rise like RAP for example so sell points obviously vary on how quick we rise in spot price.
KNL Price at posting:
18.0¢ Sentiment: Buy Disclosure: Held
