Offtipic a bit. I haven't read the 'other' companies announcements, but the dive seems to have correlated with the scoping study results? Was it that, in combination with weaker markets?
I only ask because KGL did the same thing when Murchison stage 1 came in at higher than expected costs.
KGL has held up reasonably all things considered. But it is worrying that no big buyers exist. I doubt they are waiting for Burnakura. Seems they will wait for Andash.
Means the real buying opportunity might be in June/July with a producing asset if the market ignores it. We could remain at cheap levels for a few months.
Offtipic a bit. I haven't read the 'other' companies...
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Last
11.5¢ |
Change
0.010(9.52%) |
Mkt cap ! $65.23M | |||
| Open | High | Low | Value | Volume |
| 11.0¢ | 11.5¢ | 10.8¢ | $6.218K | 56.29K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 77340 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.0¢ | 242684 | 1 |
View Market Depth
| Last trade - 13.39pm 05/07/2024 (20 minute delay) ? |
| KGL (ASX) Chart |