yes 100% agree ..why I have been buying parcels since early...

First 22 Last

Share
Profile

Follow
Sharetrader78

13,340 Posts.

1932

24/07/24

21:38

Post #: 74902310
Share

Originally posted by TheArchitect: ↑

This interview was my reason for buying KRM, along with having $26m in cash and a market cap of $33m, the BHP Xplore program is a dark horse, very valuable but cannot be priced by the market just yet but once drill works begin and news can start flowing that will change. Fabian does note that the BHP deal is covering $2m of KRM's team yearly costs with people working on those programs and allowing KRM to preserve cash.

Fabian is one of the best MDs I've come across in years for a stock at this end of the market; young but also experienced and a geo.

I imagine most here have watched this but it's very worth while re-watching.

For me the major play here going under the radar is the acquisition Fabian talks about in that interview, he gives a few specifics on it; noting they've honed down their search to just a few options now. That they're looking around the world for an advanced project, in particular an advanced Copper project. Something at a resource stage or even with an economic study.

He can't given a timeline but they have a few opportunities that they really like and are focusing on Grade ("Grade is King" - Fabian) where they want margin over scale for a potential project. The don't want a huge but low grade asset, that will be ridiculously expensive to build that as a small company they won't have the funds to take it all the way through.

Fabian wants to repeat what Adriatic (his previous company involved with) has done; high grade, high margin asset that went from exploration, studies etc. through to production.

A copper focused acquisition, high grade, doesn't need to be massive just needs to have enough that can be a viable mine one day.

Given BHP run one of the largest copper mines it does make one wonder with the Xplor program that there's some assistance from BHP being provided in this search.

Fabian notes how the current market climate where juniors have taken hits and companies are struggling to raise capital, it's the perfect time for a project acquisition where they will be paying under or fair value, compared to the over-priced projects in 2020-2022.

Fabian notes the acquisition could come any time now, that interview was July 4th so it's getting closer and closer.

Add to that the August appeals deadline to get over, which he talks about in that interview as well and they're not worried but it's part of the process.

I think though the big catalyst here is this acquisition, but it's a tightly held stock with not many shares on issue which makes it difficult for traders to really get into hence the lack of interest but I also imagine brokers haven't been able to get many shares either so they're not pumping like they do other stocks.

But it will move hard and fast on any decent acquisition as that will get the markets attention.

Expand

yes 100% agree ..why I have been buying parcels since early march ... you get the feeling KRM prime for a bag or three on the right ann.. great team ,great JV ,great cash backing

KRM Price at posting: 4.9¢ Sentiment: Buy Disclosure: Held
9 Upvote

3 Great analysis

Reply

Top Stories

PRS

Prospech finds dynamite heavy REE grades from historic core in Finland

PR1

Nanocap Pure Resources acquires Reedy Creek garnet project, WA

Trump is President Again: What Does This Mean for Crypto?

3DA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

First 22 Last

Add KRM (ASX) to my watchlist

(20min delay)
Last 3.6¢		Change -0.001(2.70%)		Mkt cap ! $27.12M

Open	High	Low	Value	Volume
3.7¢	3.7¢	3.6¢	$2.734K	74.09K

Buyers (Bids)

No.	Vol.	Price($)
1	203852	3.6¢

Sellers (Offers)

Price($)	Vol.	No.
3.7¢	246364	1

View Market Depth

No.	Vol.	Price($)
1	203852	0.036
1	299970	0.035
3	58739	0.034
2	400000	0.033
2	361110	0.032

Price($)	Vol.	No.
0.038	93967	1
0.039	38888	1
0.040	260686	2
0.043	199523	1
0.044	250000	1

Last trade - 16.10pm 11/11/2024 (20 minute delay)

KRM (ASX) Chart

yes 100% agree ..why I have been buying parcels since early...

Prospech finds dynamite heavy REE grades from historic core in Finland

Nanocap Pure Resources acquires Reedy Creek garnet project, WA

Trump is President Again: What Does This Mean for Crypto?

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

yes 100% agree ..why I have been buying parcels since early...

Top Stories

Prospech finds dynamite heavy REE grades from historic core in Finland

Nanocap Pure Resources acquires Reedy Creek garnet project, WA

Trump is President Again: What Does This Mean for Crypto?

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News