Yes if it is 10m @ 30c then the market will be +'ve for sure. Bullish raising into sp momentum often has good sp results (in the shorter term anyway).
IPO @ 20c, cap raise two at 22.5c, cap raise three at 30c. That is what makes the bigger players happy. So second cap rate was 13% higher than the first, third was 33% higher than the second. If that sort of growth rates continue, then the next raising will be at 55c - heads at +60c. Lol, probably drawing a long bow with that analysis but it is a Friday.
Could be one hell of a six-months coming up for KDR. I'm with you - tight ship, good project identification, sound geos ... all good so far. All it needs is for a slightly tighter register though!
Drilling at depth, along strike and other aero mag targets could give us good bang for exploration dollars. Plus area & blind calf ...
KDR Price at posting:
34.5¢ Sentiment: LT Buy Disclosure: Held
