KSN 2.38% 8.6¢ kingston resources limited

It's only Wednesday calm your farm. Notice has been out for two...

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  1. 137 Posts.
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    It's only Wednesday calm your farm. Notice has been out for two days at the end of a month. Yesterday 1,131,755 was moved through ksn. Price on the sell side is stuck between 0.021 through to 0.024 with 6.5m shares outstanding for sale, or a MV of $145k AUD.

    To break through into 2.2c per my personal opinion only $50k of securities (or 2.4m shares outstanding) need to be traded before Friday.

    KSN's always been a quiet stock that's been rarely traded. I've been here since mid last year. I remember January and February well. It was driven up by speculators and the market hype of lithium which resulted in new investors being burnt on a bad tenement. There was no need for that and it has damaged this stock. It's 4 weeks out from results processing. This will be a slow climb up to spec'd market values. I was making reference and merely speculating that with 126,500 traded Monday and 1.1m traded Tuesday; is to too hard to believe that 2.4m can be traded over today and the next two days to hit 2.2c?

    If not, who cares I still have faith. Volumes like January won't return ever to this stock I don't think. Period. If you're sitting here hoping for that build like we saw in January you are a fool. I want to be wrong but that is the reality of the situation I believe. Except potentially after the results at Cai are released and it is what we are expected. IMO this will be a slow volume build over the next six weeks.
 
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