This is when the market inefficiency comes into play.
KIN can is going to use that $24m to grow resource and get into production?
It's just a matter of time before Genesis come after KIN... there is no way they will let King fall into SLR or other producers.
SLR made a move into RED 5... and would certainly be happy to also take KIN at current prices.
the question remains at what price and when? My bet is very soon we are going to hear another type of annoucement.
This is when the market inefficiency comes into play.KIN can is...
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Last
5.8¢ |
Change
-0.002(3.33%) |
Mkt cap ! $68.33M | |||
| Open | High | Low | Value | Volume |
| 5.8¢ | 5.8¢ | 5.8¢ | $5.946K | 102.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 103882 | 5.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 6.0¢ | 462353 | 2 |
View Market Depth
| Last trade - 12.55pm 18/07/2024 (20 minute delay) ? |
| KIN (ASX) Chart |