KMC
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0.00% 0.6¢ kalgoorlie mining company ltd

4.9c - huh?

  1. Alex999
    3,827 Posts.
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    19/12/11
    17:37
    Post #: 9461077
    Whole market getting smashed but KMC more than most.

    My theory: the market wants to know how the 2nd stage of the plant is going to be paid for and wants procurement and construction underway. Announcements about tolling MoUs are just a reminder we have no plant and no money for the plant.

    The market is saying to the MD: "Show Me The Money!" (for the plant)
    Until KMC answers this call, sp will suffer.
    KMC Price at posting: 2.0¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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