trying to pick some more cheapies up myself kingswood.
grabbed some at 2c and just hoping some cave in and sell down once more .wishful thinking I suspect.
the current market cap of under $5mill in no way reflects a fair value of the comapny in my opinion. a large prospective area showing early positive signs and grades with a already indicated 100k ounces.
md and ex md's buying strongly and large recently and current md now exercising some performance rights all send positive signals that they also believe .
baised on the current reserves alone and the early previous assays and grades from warmblood and the other areas showing some encouragaemnt from earlier drilling campaigns I have always wondered why the share price is not and has not been for a long while considerably higher. How it fell so low in the first place frustrated and astounded me. It is still a long way below where it was 12 months ago before the recent encouraging comments.
I thought we should have been blasting off a valuation base of around 5c not 1c but thats only my very un professional opinion which unfortuately has always been wrong.
the old yarn of the stockmarket being a place where the patient make money of the impatient will hopefully be proved correct in this case with time of course.
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Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
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Price($) | Vol. | No. |
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7 | 552708 | 0.100 |
2 | 130000 | 0.099 |
1 | 50000 | 0.098 |
1 | 30000 | 0.097 |
Price($) | Vol. | No. |
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0.100 | 503 | 1 |
0.105 | 381120 | 4 |
0.110 | 136379 | 6 |
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