KGL 0.00% 9.5¢ kgl resources limited

Ann: Initial Gold Resource of over 200,000oz for , page-9

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  1. 14,880 Posts.
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    re: Ann: Initial Gold Resource of over 200,00... Yes. Jinka is a bargain. The market is not black and white nathan. The market can be highly inefficient short term. You seem to think that because the market prices a stock at a certain price point, that means that's its true value. It's only true value for those that want to sell on the day.
    As for Jervois, I would much rather a larger tonnage and high grade than smaller tonnage and huge grade.
    Yes, IAU did take a while and it was insto buying after a North American analysts' trip to Tujut Bukit that really put a rocket under the share price. That caused the stock to rise from 40c (which had been resistance) to $2.40 at one stage.

    KGL has strong insto support and the largest shareholder, KMP, is very supportive. Only one Top 20 holder recently sold on the Andash update. I mentioned the buyer for 5M at 8.6c. That holder who resides in Europe now holds 15M shares.
 
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