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6.06%

15.5¢ kaiser reef limited

Ann: Material Gold Acquisition, page-90

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4 Posts.

4

09/10/20

18:41

Post #: 47986384
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Originally posted by BobbyMorane: ↑

Here is an idea.

Previous to this ann, KAU was a high risk / high reward, one trick pony.

As shareholders, we can simply use that acquisition and the associated vote as a hedge against the current drilling campaign.

If our drilling at Stuart town is successful and we strike economic high-grade gold, there's an obvious incentive to vote against the acquisition.
Our financial interest would be to make sure we don't issue shares and keep this very tight register to make the most of the exploration upside.

If the campaign is a duster or has little to be excited about, voting for the acquisition will provide a focus shift and act as a floor, minimizing the downside.

Having the money locked is frustrating but a lot can happen in 3 months and there will be a way for us to benefit from this.

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I can't see why anyone would want to just have drills poking the ground when they could have that PLUS mines and processing plant putting out over $5M in profits during administration. I can't see a better way of funding a drilling program on the LFB. Producing gold is the best way to make use of a high gold price, not finding it. You can't sell gold when it's still in the ground. You'd have to have marbles in your head to vote against the acquisition.

KAU Price at posting: 41.0¢ Sentiment: Buy Disclosure: Held
12 Upvote

4 Great analysis

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Last 15.5¢		Change -0.010(6.06%)		Mkt cap ! $31.68M

Open	High	Low	Value	Volume
16.5¢	16.5¢	15.5¢	$79.84K	499.8K

Buyers (Bids)

No.	Vol.	Price($)
2	105510	15.5¢

Sellers (Offers)

Price($)	Vol.	No.
16.0¢	30500	1

View Market Depth

No.	Vol.	Price($)
2	105510	0.155
1	33333	0.150
1	100000	0.145
1	65000	0.120
1	69165	0.115

Price($)	Vol.	No.
0.160	30500	1
0.165	20000	1
0.170	67294	5
0.175	82781	2
0.185	50000	1

Last trade - 16.10pm 05/08/2024 (20 minute delay)

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