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1.1¢ king river resources limited

Ann: Quarterly Activities Report, page-12

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newbie2016

2,586 Posts.

376

08/08/20

17:13

Post #: 46399587
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Originally posted by stumpjump: ↑

Hi newbie, KRR have already raised $2m through a placement to sophisticated investors. Money Made was assuming the latest SPP to retail investors would close fully subscribed, (as the SPP is at 0.033 and with the current SP at 0.04 it is a no brainer), which will raise a further $5m. So that’s where MM got the $7m from.
Lots to look forward to with the PFS on the SSM project being announced end of August, (guessing), Tennent Creek drilling results early September, commencement of drilling at Mt Remarkable in September with results due in October, providing the PFS stacks up, (which it should do), the commencement of the DFS.
Also wouldn’t be surprised if TB comes up with a heavyweight to participate in the cost of the DFS with an option for that company to take a healthy percentage of the project for a price. If this happens, I hope, (providing the gold and silver hits at Tennent Creek and Mt Remarkable are encouraging enough), the gold interests are floated off into a seperate identity.
With the price of silver and gold entering an aggressive bullish phase and Mt Remarkable already with some amazing hits in both precious metals the KRR story is still evolving.
cheers, stumpy

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7m?how may new shares need to issue? 250m?

KRR Price at posting: 4.0¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 1.1¢		Change 0.000(0.00%)		Mkt cap ! $16.81M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
1	42083	1.2¢

Sellers (Offers)

Price($)	Vol.	No.
1.2¢	2799305	11

View Market Depth

No.	Vol.	Price($)
1	42083	0.012
2	639145	0.011
3	594004	0.010
8	3955333	0.009
21	29794167	0.008

Price($)	Vol.	No.
0.012	2799305	11
0.013	712603	3
0.014	551063	4
0.015	2309826	6
0.016	560000	2

Last trade - 16.16pm 05/11/2024 (20 minute delay)

KRR (ASX) Chart

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