$1.5 m Market Cap

I realise there is a lot of exploration companies that have suffered over the last 12-36 months but I think this one takes the cake for disappointed share holders in my view

KSN raised money at 20c , dropped to about 12c in the first year of listing and then gradually declined thereafter

In the last 12 month period id did get a bit warm for a month or so and had a high of 18.5 cents.

It sits on some very promising land some under a JV , some 100% owned almost all of which is in South Australia, yet now the most recent trades after tax season selling ended is at 2 cents , a 90% fall in less than 9 months on basically no bad news.

A listed company with current leases , cash in the bank , and no debt surely should be worth more than $1.5 million

Be interested to hear other views why it has dropped so far and taken so long to find a new MD