The stock hasnt slashed its share price in half in 4 months for no reason, theres just far to much uncertainty serrounding the companies operations and theres no good having the resource in the ground if you cant dig it out. Its a bit like a casino this stock at the moment, high risk thats for sure.
Once the company can sort out the conflict with various parties in regards to their core project (ANDASH) then the share price will rise if its a positive out come but untill then the share price will continue to suffer and their is no certainty it will happen any time soon or for that matter will it even end up being viable for KGL to go ahead with the project.
Unfortunate but thats the way it is at the moment. Its much safer to be on the side line watching then averaging down especially in this current market.
kgl falling below 6c? , page-12
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Last
9.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $58.97M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10763 | 9.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 9.6¢ | 54574 | 1 |
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| Last trade - 10.04am 13/09/2024 (20 minute delay) ? |
| KGL (ASX) Chart |
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