KRR 10.0% 1.1¢ king river resources limited

Ann: Quarterly Activities Report, page-65

  1. 11,530 Posts.
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    No, just down, but probably in a few days when it is back to 1.2c I will be in profit again. At the end of the day, it does not bother me right now if I am in red or green because I do not plan to sell anytime soon. If I wanted a profit I could sell anytime I am up, but I am in this for longer term and more serious games. The way this is set up, and for management to benefit themselves, they plan for this to go 5c, minimum 3c. Why would I take a 10% profit, when potentially a 300% profit is possible with any decent TC drilling hit or discovery. I have held this for 5 years plus waiting for a decent drill campaign and we finally have one in good ground at TC so it would be a waste for me to sell now IMO.

    But I appreciate you checking up on me Pelican!
 
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