How sad is it that buyers were just stacking their bids at 18.5 today? Lol it's such a sad sight to see this stock trade some days but I have no doubt something will give tomorrow either way. I would say there is pretty good support at 18.5 so I doubt we will see much downside from here.
@prey I have previously mentioned this fact but for a refresher at the AGM last year Rob specifically told me that ThyssenKrupp do not invest in African mining company's via acquiring shares.
Think about this too - let's just say that they do invest in African mining company's. Do you think that TK, a multi-national multi-billion dollar company would order their brokers to cap a micro ASX listed company's share price so that they can accumulate shares for lets say a few $100,000s less than otherwise? All they care about is securing a consitant and reliable supply of graphite which they then increase in value god knows how many times.
Maybe people are capping maybe they aren't; the realty is: presently everyone who is interested in this stock is pretty much set and have been for quite some time now. The last game changing news was the finance expression of interest announcement over 4 months ago.
It is very simple we just need big news to start churning through volume to move this thing.
KNL Price at posting:
18.5¢ Sentiment: Buy Disclosure: Held
