"I have added further to my position but I’m a little nervous to go too hard with a lot of stock allocated after the general meeting at the end of Nov."
I'm thinking the same - very likely this goes lower once those 1c placement shares are issued. However, even at current SP once fully diluted: 868M SOI x $0.016 - cash ($6) = EV of less than $8 million still seems stupidly cheap compared to peers with similar land holding/JVs etc (LGM/KCC et al) and therefore not pricing in the discovery hole at Enmore whatsoever... So could go either way in early December - down if placement participants want a quick buck (in which case I'll add), or up if the market values this more like peers... Interesting month or so ahead I reckon.. Would be nice if they were drilling already... patience..
KNB Price at posting:
1.6¢ Sentiment: Buy Disclosure: Held
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