Australia's largest stock trading and investment forum Australia's #1 stock forum

KKO

Click for more information

3.66%

7.9¢ kinetiko energy ltd

Ann: Significant Gas Flows Achieved From Korhaan Well 3, page-16

First 16 Last

Share
Profile

Follow
Polyh

737 Posts.

151

02/07/22

17:10

Post #: 62336438
Share

Originally posted by SugeKnight: ↑

This stock is very illiquid , and the directors are the only reason the company is still up and running

Their CR's are always under subscribed and in the last raise the directors contributed. So it looks like they believe in the company and are supporting it stay afloat, which is good. But there is a risk that things can go south and they'll have to turn the lights off.

its highly risky, and the company has a lot of history (pretty sure they were delisted in the past)

They had issues with their partner, but last year struck a deal to buy them out and own 100% of the project.

The directors are doing a good job now turning the ship around.

The proposed issue date for the 500m+ shares was 19 August 2021. But it still hasnt happened so i dont know whats going on there in regards to the ownership. Someone should ask the company

If they successfully start selling some gas on a small scale as they plan to now, it may help them with cashfow to advance with the rest of their exploration plans. Still early days here and the SP reflects the high risk nature of this company

Expand

Suge,
Thanks for that insight.
I am not aware of the older history of this company.

KKO Price at posting: 6.4¢ Sentiment: Hold Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

CXO

Core Lithium narrowly beats guidance on FY24 spodumene production but 1Y returns still shattered

WCN

White Cliff gears up to explore expanded Nunavut Cu-Ag-Au project in Canada

RXM

Rex Minerals soars 60% on $390M Indonesian buyout deal from MACH Australia

HCH

Hot Chili sets up water company as drought racks Chile–but must also build communities a desal plant

PMT

High-grade lithium zone extended at Patriot's Corvette project, drilling grades at 5%

There are more pages in this discussion • 1 more message in this thread...

First 16 Last

Add KKO (ASX) to my watchlist

(20min delay)
Last 7.9¢		Change -0.003(3.66%)		Mkt cap ! $113.1M

Open	High	Low	Value	Volume
7.9¢	7.9¢	7.9¢	$1.772K	22.42K

Buyers (Bids)

No.	Vol.	Price($)
2	10894	7.2¢

Sellers (Offers)

Price($)	Vol.	No.
7.9¢	28129	2

View Market Depth

No.	Vol.	Price($)
2	10894	0.072
1	100000	0.070
1	250000	0.064
1	8095	0.063
1	135994	0.062

Price($)	Vol.	No.
0.079	28129	2
0.085	100000	1
0.087	78384	1
0.094	225000	1
0.100	243623	4

Last trade - 14.03pm 08/07/2024 (20 minute delay)

KKO (ASX) Chart