KRR 0.00% 1.0¢ king river resources limited

Ann: Additional High Grade Gold Assays Mt Remarkable, page-63

  1. 5,784 Posts.
    lightbulb Created with Sketch. 3670
    I am a little dumbfounded from todays trading. One wonders what management have to do to get the share price up.
    The gold results alone should have been good enough to keep the stock above 10c in my opinion.
    Given that we have been double this share price previously and we now know a lot more about the Remarkable gold situation then when it was trading at those higher levels.
    We also know much more about the vanadium which makes one scratch ones head as to why people would sell down to 9c.
    I read the QBL report this morning which I thought read very well. It opened at 6.4c . In excess of 30 million shares traded at 6.4c or better and it now trades at 5.4c
    In percentage terms it has mirrored the performance of KRC in it's pull back from the opening.. At least it is still in the positive as it should be.
    It would seem that the market is not interested in holding stocks for the moment. It is more interested in just making a quick buck. That can change of course but at the moment that is what long termers have to deal with whether they like it or not. Traders rule the roost it would seem.
    What we do know however is that KRC are well placed both financially and with the extra knowledge of what they have in terms of their gold interests, and vanadium , titanium and iron ore.
    Eventually the market will appreciate what KRC has in their portfolio. It might take an announcement that they have entered into a joint venture partnership to bring it to the attention of investors .
    But in the meantime all management can do, is deliver excellent results as they have been. The rest is up to the market to decide what price they are willing to pay.


    Cheers.
 
watchlist Created with Sketch. Add KRR (ASX) to my watchlist
(20min delay)
Last
1.0¢
Change
0.000(0.00%)
Mkt cap ! $15.28M
Open High Low Value Volume
1.1¢ 1.1¢ 1.0¢ $807 73.39K

Buyers (Bids)

No. Vol. Price($)
12 1570703 1.0¢
 

Sellers (Offers)

Price($) Vol. No.
1.1¢ 140000 7
View Market Depth
Last trade - 16.10pm 09/08/2024 (20 minute delay) ?
KRR (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.