KRR 0.00% 1.1¢ king river resources limited

Ann: Half Yearly Report and Accounts, page-12

  1. tcf
    6,862 Posts.
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    Gold, copper, silver or vanadium KRC needs millions of exploration and administration dollars to prove up any potential resource.

    Intense directed drilling has failed to deliver any good news to the market hence the share price.

    A CR is days away and with nothing in the drill bit or expected from the EV investigation being undertaken by a third party intense pressure will be brought to bear on the share price.

    I expect this Board to try to pick up a few bucks from a conservative CR at around $0.005. I believe they need a $million minimum so I expect 200,000,000 shares to be placed at $0.005. If they restrict the CR to raising $1 million they will be back to the well for more money before October 2016. Buts that's on the premise that they find something in a drill core. On form over 5 years that's not likely so the administration clock is ticking.
 
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