Yes, a solid update with only Cardinia Hill added as new resource (and qualified as more to come there too).
At the new resource level, KIN is undervalued versus the metrics on the DCN/NTM deal. It looks like we will get a kind of rolling update to the MRE over the first few months of next year, which should lift the SP further.
But from my perspective, the main challenge is that they will need to raise capital at some point in the next quarter and it’s hard to see the catalysts for a substantial increase in SP before that. Maybe a number of additions to the MRE will start to have an impact but KIN probably needs an exciting “larger” find to get the SP moving further and faster? Then, all of the additional smaller discoveries will be revalued too?
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5.6¢ |
Change
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Mkt cap ! $65.97M |
Open | High | Low | Value | Volume |
5.7¢ | 5.8¢ | 5.5¢ | $16.83K | 301.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 88647 | 5.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.8¢ | 157294 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 88647 | 0.056 |
2 | 260350 | 0.055 |
2 | 150000 | 0.054 |
4 | 186962 | 0.053 |
2 | 125000 | 0.052 |
Price($) | Vol. | No. |
---|---|---|
0.058 | 157294 | 1 |
0.059 | 335000 | 2 |
0.060 | 499322 | 3 |
0.062 | 248000 | 2 |
0.064 | 59166 | 3 |
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