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9.6¢ kgl resources limited

Ann: Equity Raising to raise approx $23.77 million, page-19

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WineCollector

3,017 Posts.

164

23/02/21

16:49

Post #: 51255359
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Originally posted by maplelegion: ↑

On that action today ....and looking at the spread , one has to ask if the Institutions who "made the approach" suggesting a capital raise at 42c , had an alternative motive in mind ???? ie a prospective buyer , possibly from overseas , "lurking "to see if a large stake could be acquired ---presumably taking out some Placement Stock at a premium .
The large purchase of any stock available just prior to end of day , sure did not look like retail buying !
Interesting to see what happens tomorrow ---indicative however ,that copper stocks of any size and closing in on mine development , are becoming more and more attractive .

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Good point. We still don't know who the "instó" is. Might we see KGL as the new "Next Investors" pick - Cu exposure & the next Sandfire.
1 Upvote

0 Great analysis

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(20min delay)
Last 9.6¢		Change 0.000(0.00%)		Mkt cap ! $62.21M

Open	High	Low	Value	Volume
9.6¢	9.6¢	9.6¢	$2.478K	25.81K

Buyers (Bids)

No.	Vol.	Price($)
1	98226	9.5¢

Sellers (Offers)

Price($)	Vol.	No.
9.6¢	249983	1

View Market Depth

No.	Vol.	Price($)
1	98226	0.095
1	106000	0.094
2	105376	0.093
3	130761	0.092
1	150000	0.090

Price($)	Vol.	No.
0.096	249983	1
0.100	107073	2
0.105	25000	1
0.110	31621	2
0.115	100000	1

Last trade - 13.06pm 15/10/2024 (20 minute delay)

KGL (ASX) Chart

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