Spoke with management over a month ago. Made my thoughts known about the business plan of KWR. IMHO the gonnangarrie project was a very valid / high upside greenfields project. My sense was that a significant drilling program would eat its way through current cash pretty quickly (for both gold and nickel). Unfortunately the first deep holes were so so. This completely turned the technical chart picture into a falling knife. Sold out at 6.5 cents and took a very significant loss. It will take time IMHO to turn the valuation around. That is why prudent speculators build a spread of equities that create more cap gains than losses.
KWR Price at posting:
4.3¢ Sentiment: None Disclosure: Not Held
