KFM 0.00% 7.0¢ kingfisher mining ltd

Ann: Drilling Underway at Mick Well, page-35

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  1. 944 Posts.
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    Thanks for your post Xenius about the escrow shares.

    The buying support is low and makes perfect sense why we’re seeing a sell down, particularly if escrow shares are being sold into small buying support at each SP buy line.

    The week before Xmas and the New Year typically presents low liquidity as people go on holidays.

    We also have results not due until January possibly February given delays with the Xmas break.

    Im watching to see if the 200 DMA at 38.5c holds, if not it could get messy.

    The last thing I want to do is catch a falling knife, caught a few lately but the stock presents opportunities if the next results are good.

    Good luck.

    DYOR
 
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