KTA 7.14% 1.3¢ krakatoa resources limited

Somethings up, page-88

  1. 9,297 Posts.
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    You're safe enough with us @Hugtorious. I don't mind a bit of contrary opinion - it helps me balance my optimism by making me test it out.

    Reality is that the ship, any exploration ship, has a rudderless drifting period around drill campaigns and results. Lots to look forward to here but nothing to talk about yet = no firm direction. There was hope we had the buyers to sustain the earlier rise and there have been a few serious buyers but not enough to match the sellers overall.

    Looking a little oversold now but there is a gap on the hourly chart between 4.5-4.9 which fits with your target - I sincerely hope you are wrong!! But would view it as a chance to top up cheap, at Belgravia (proven to share Copper Hill formation) I think we've got possibly the most sensible junior exploration play in the Lachlan Fold Belt other than REE's tenement at Trundle Park which is part of the North Parkes formation. If AQX and MAG are double (or more) our market cap on nearology to ALK/Boda then I think a case can be made for similar cap given that Copper Hill has already delivered a real JORC resource and without the deep drilling that is demanding of porphyry targeting in this belt. (I used to hold GCR who have Copper Hill and messed up their management and development).
 
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1.3¢
Change
-0.001(7.14%)
Mkt cap ! $6.137M
Open High Low Value Volume
1.3¢ 1.3¢ 1.3¢ $4.42K 340K

Buyers (Bids)

No. Vol. Price($)
5 1407000 1.2¢
 

Sellers (Offers)

Price($) Vol. No.
1.4¢ 311531 3
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Last trade - 12.57pm 28/06/2024 (20 minute delay) ?
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