KNB koonenberry gold limited

0.00%

4.4¢

Spot on mate. My speculation is that this is mostly about...

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cammotee

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133

06/05/25

10:08

Post #: 78932135
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Originally posted by bigpelican: ↑

This is what I think might be in play (apologies if its already been canvassed):

From 27 March 2025 to 29 April 2025 Datt purchased circa $800K worth of shares on-market increasing his voting power from 11.28% to 12.81%.

From 29 April 2025 to 5 May 2025 Datt accelerated (nearly doubled) his rate of on-market purchases spending circa $1.7M increasing his voting power from 12.81% to 14.83%.

Generally, under the Corporations Act 'creeping acquisitions limit' someone or an entity cannot acquire more than 20% of an ASX listed company unless certain exceptions apply.

When someone achieves holdings giving rise to 20% voting power it puts them in a strategically powerful position, for example to be able to:

Influence control over board appointments
Singlehandedly block special resolutions (for example issue or reduction of capital)
Protect minority interests - for example you can block a compulsory acquisition which requires 90% shareholding from the bidder

If Datt Capital are looking for 20% ownership the company/ major shareholders cannot really do much except try and buy shares on market themselves to increase their percentage ownership relative to an entity like Datt Capital. We know this is not occurring as it is only Datt giving change in substantial interest notices at present.

If Datt Capital are marching towards the 20% (needs a further 5%) ownership limit this will likely maintain significant upward pressure on the SP.

If this is Datt's strategy it likely means they see very significant upside to the company from this juncture. Why else would an entity throw such serious coin at it?

All my speculation. Looking for the next change in substantial holding notice...time will tell...Cheers

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Spot on mate. My speculation is that this is mostly about Newmont not Enmore per se (as much as it is!). But the sheer number of projects KNB holds in historically speaking highly prospective ground makes them a super attractive project generator, which is the major part of my investment thesis. From a macro background copper and gold is the place to be in the next 1-5 years definitely.
KNB Price at posting: 9.3¢ Sentiment: Buy Disclosure: Held
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2 Great analysis

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(20min delay)
Last 4.4¢		Change 0.000(0.00%)		Mkt cap ! $45.08M

Open	High	Low	Value	Volume
4.6¢	4.6¢	4.2¢	$729.5K	16.71M

Buyers (Bids)

No.	Vol.	Price($)
1	121951	4.3¢

Sellers (Offers)

Price($)	Vol.	No.
4.4¢	504214	2

View Market Depth

No.	Vol.	Price($)
1	121951	0.043
8	1623801	0.042
7	3081225	0.041
16	2163833	0.040
1	5000000	0.039

Price($)	Vol.	No.
0.044	504214	2
0.045	1800000	3
0.046	1050000	2
0.047	388178	3
0.048	225000	1

Last trade - 16.10pm 13/06/2025 (20 minute delay)

KNB (ASX) Chart

Spot on mate. My speculation is that this is mostly about...

Listen: HotCopper Wire Podcast 013 - They changed the IPO rules (and that's a good thing)

Resolution's dual-listing to 'expedite growth' – and sets stage for NASDAQ foray

Week 24 Wrap: WW3 looms (again); US econ data tepid & silver surfing

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ASX Ltd notches upward on sale of company meant to fix CHESS 3 years ago

'Sure to be busy': Advance's Yuquivo drilling gets off to top start with first-hole hits

Zip's stunning comeback: Is this the start of a $14 revival?

HotCopper Highlights, Week 24: Israel boosts Energy; Meeka eyes production & Mag7 back

Clinuvel shares dip, even as CEO comes back from temp leave

Iberian expansion: Megado turns to Europe with Spanish copper mines

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Sellers (Offers)

Featured News

Spot on mate. My speculation is that this is mostly about...

Top Stories

Listen: HotCopper Wire Podcast 013 - They changed the IPO rules (and that's a good thing)

Resolution's dual-listing to 'expedite growth' – and sets stage for NASDAQ foray

Week 24 Wrap: WW3 looms (again); US econ data tepid & silver surfing

Gold, Brent Crude spike as Israel strikes Iran in worst-case scenario

ASX Ltd notches upward on sale of company meant to fix CHESS 3 years ago

'Sure to be busy': Advance's Yuquivo drilling gets off to top start with first-hole hits

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HotCopper Highlights, Week 24: Israel boosts Energy; Meeka eyes production & Mag7 back

Clinuvel shares dip, even as CEO comes back from temp leave

Iberian expansion: Megado turns to Europe with Spanish copper mines

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News