Likewise, sorry if I was a bit overboard.
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I have never said that I have reached that conclusion.
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Mr Datt has exited. He has not provided a reason. So best we can speculate, till we know. There is a chance we may never know. So it could all be left on speculation.
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This is my speculation from post above, and I have written I could be wrong. So there is no conclusion. I am just looking at Mr Datt who single handely took the SP from 1c to 10c within months. Building around 20%. Was buying as if there is no tomorrow. I still remember how big buys at 9c one day kept being loaded - looked like there is an endless pot of money. Or someone knows something that is ready to pay any price. He probably got out at best at break even, chances are down, because someone had done the calculation with all his buys, and average seemed around 4.5. Just for a moment think if Datt was not buying so heavy, would the share price have gone from 1c to 10c based on current results? Possibly, but unlikely I feel. Its very difficult to quantify a market cap of any company, even billion dollar companies can have swing of 20 to 30% within days, so its very difficult for a minnow. Best we do is compare to other stocks and find similarities. What I am alluding to is something doesn't look right. We don't know what it is. I have only mentioned one possible scenario. Many others think that some very personal to Datt and getting out of stock market etc. Possible. Hope you understand where I am coming from.
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One reason I feel why KNB may be in trouble. Mr Datt spent millions to build a position in KNB. He got Tony. Now Tony would have inside information. Just for a moment think - if Tony had discovered that KNB is going to be next monster, would Mr Datt had not overcome everything to stay in here, and increase position - because if fundamental was so strong, he could have got out from everywhere else and just played this, what ever his personal circumstances. Think otherwise. If Tony had discovered that KNB is not a big deal and it may not be a monster, what would Datt do from investment perspective - continue to play or get out? He may have personal circumstance to get out, I don't believe they may have been stronger than financial gains, and I could be wrong. Bottom line is he exited. He didn't have an hope here - it seems.
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KNB
koonenberry gold limited
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3.6¢

Chart (long term), page-450
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Last
3.6¢ |
Change
-0.001(2.70%) |
Mkt cap ! $36.88M |
Open | High | Low | Value | Volume |
3.7¢ | 3.7¢ | 3.5¢ | $229.8K | 6.327M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 32106 | 3.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.7¢ | 135747 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
9 | 1038540 | 0.035 |
5 | 379411 | 0.034 |
3 | 825455 | 0.033 |
1 | 15625 | 0.032 |
2 | 206281 | 0.031 |
Price($) | Vol. | No. |
---|---|---|
0.037 | 135747 | 1 |
0.038 | 360000 | 3 |
0.039 | 638767 | 4 |
0.040 | 611522 | 6 |
0.041 | 382000 | 4 |
Last trade - 16.10pm 20/06/2025 (20 minute delay) ? |
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KNB (ASX) Chart |