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Thanks for the heads up Spec. I haven't paid much attention to...

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Joelstar

4,358 Posts.

3007

08/07/24

21:29

Post #: 74662062
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Originally posted by speculator101: ↑

hey Roo, after much pondering, I took a small position 2 weeks ago. Probably won't add to my position until the dust settles on the PNX deal.
With cash/shares the E/V went negative (even after the PNX deal), I just could not help myself.

I honestly think KIN should just exit the North Eastern Goldfields, I mean, their current assets are worth zero. So better to crystalize some value and put it into more prospective dirt, as the recent drill results don't give me any confidence they have anything of value.

I will hold my judgement on Delphi, though it's interesting to note they just exited most of the SPR position with around $90m freed up. I can hope that this will benefit KIN in any future funding deals (though that is a way off, as really they need to drill out PNXs assets first).

@Joelstar - Not sure if you watch KIN at all, but.. could be worth investigating closer to the PNX deal being finished? I just like it because of the cash, PNX assets and... it's totally unloved.

POL btw - looks very interesting (keeping it very short, as I don't want to muddy this thread). Just no capital to allocate to it. Perhaps in the coming months an opportunity will arise.

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Thanks for the heads up Spec. I haven't paid much attention to KIN/PNX be honest. It is pretty hard to keep up with the sheer number of ASX exploration investment opportunities.

KIN Price at posting: 5.8¢ Sentiment: None Disclosure: Not Held
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Last 5.3¢		Change 0.002(3.92%)		Mkt cap ! $86.78M

Open	High	Low	Value	Volume
5.2¢	5.3¢	5.0¢	$39.45K	772.2K

Buyers (Bids)

No.	Vol.	Price($)
3	298500	5.1¢

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Price($)	Vol.	No.
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No.	Vol.	Price($)
2	258000	0.051
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1	20428	0.047

Price($)	Vol.	No.
0.053	25732	3
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0.056	61830	1
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Thanks for the heads up Spec. I haven't paid much attention to...

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Thanks for the heads up Spec. I haven't paid much attention to...

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