Why the attitude? its pretty clear that big money funds are buying this as its going to be in the ASX300 within 6 months and probably into the ASX200 within 12-18 months. The free float is tiny, so this thing will keep going up as funds need to buy.
You think that is retail reloading $4 bids all day yesterday and $3.85 all day today?
Funds dont care about tiny 5% fluctuations this will be over $10 in a 18-24 months
Maybe Equity Story will put another buy at $4.80 after they lose another 60c in gains by saying take profits...
Im sure the funds that are buying are loving the retail liquidity that came out yesterday and this morning.
KGN Price at posting:
$3.80 Sentiment: Buy Disclosure: Held
