Gee I wouldn't be trading KRC on charts unless you're planning to short the stock.
The only stimulus for KRC's share price is a report of a significant gold show in the drill core - and a lot of it.
After 5 or 6 years of drilling its tenement, KRC has produced no gold, copper or silver of any note.
The current 5 week old shallow drill program into "red hot" gold areas has produced no report to date. KRC is, maybe through ASX pressure, a stickler for the rules. If it had hit anything of note to date there would have been a trading halt. No trading halt tells old school KRC shareholders nothing has been detected in the drill core.
An RC drill is supposed to be on site in October. I have been watching rainfall in the Kimberley region and their is a real chance that the RC drill wont make it to site this year.
With KRC right now its not about charts its all about what's in the drill core and at this stage there is nothing to get enthused about. I wait in anticipation.
KRC Price at posting:
1.4¢ Sentiment: None Disclosure: Held
