KRM 0.00% 3.9¢ kingsrose mining limited

No offence intended - and thanks for the due respect. It was a...

  1. 51 Posts.
    lightbulb Created with Sketch. 10
    No offence intended - and thanks for the due respect. It was a positive move seeing Fabian come into lead the company. I can understand Indonesia may have its challenges, though let’s do a few calculations; if it was to sell for $10m, even if profit margins were 20% and only 20,000oz were produced annually, the profit margin would be in excess of $10m annually. We’re seeing a tightening in the economy, walking away from something that has the potential to be profitable (in particular if sizeable new discoveries can be made - ie in addition to the maul vein system) may not maximise returns for shareholders. I don’t think Fabian provided any indication in the video of a possible sale price, though I’m yet to watch the video again. Either way the company hasn’t announced whether it’s just the lease or whether the assets/plant are potentially on the table, what makes up the final “deal” if it goes ahead, will certainly be important to consider.
 
watchlist Created with Sketch. Add KRM (ASX) to my watchlist
(20min delay)
Last
3.9¢
Change
0.000(0.00%)
Mkt cap ! $29.34M
Open High Low Value Volume
0.0¢ 0.0¢ 0.0¢ $0 0

Buyers (Bids)

No. Vol. Price($)
1 24390 4.1¢
 

Sellers (Offers)

Price($) Vol. No.
3.8¢ 30000 1
View Market Depth
Last trade - 16.12pm 28/06/2024 (20 minute delay) ?
KRM (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.