Who knows?! What I do know from what I've read is that most of the detractors of KNL knock it because of our resource size and initial planned production output. Perhaps an increase of our resource will bring some their investor dollars over. Maybe not too.
It certainly won't do our prospects of obtaining finance any harm. If we are able to increase our initial production then perhaps economies of scale will enable us to reduce opex and increase profitability from the first year of production.
The market is a crazy beast. We'll just have to wait and see how it responds when the drilling results are announced.
Ann: Epanko Expansion Studies Underway-KNL.AX, page-89
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Mkt cap ! $72.64M | |||
| Open | High | Low | Value | Volume |
| 15.5¢ | 16.0¢ | 15.0¢ | $48.04K | 307.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 2 | 106000 | 15.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 16.0¢ | 94230 | 3 |
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| Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
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| Open | High | Low | Volume | ||
| 16.0¢ | 16.0¢ | 15.0¢ | 76021 | ||
| Last updated 14.56pm 24/05/2024 ? | |||||
| EGR (ASX) Chart |