KRR 10.0% 1.1¢ king river resources limited

Ann: Kurundi Geophysical Results and Planned Drilling, page-2

  1. 11,537 Posts.
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    I have to give credit where it is due, it is nice to see continued newsflow and updates. Something that has clearly been missing in recent years. The share price is responding well and should be even more positive now that the EOFY trading is behind us. This is not marked as price sensitive because the 2023 geophysics, the targets are based off is now around a year old. Managements tactics have clearly been on buying back shares from all the dead wood and fed-up holders as cheaply as possible, then to release drill news and results periodically during the second half of 2024 to boost the share price and get their performance rights up! IMO this is a done deal, already halfway to 3c now and the real drilling and assay news hasn't even started. Some may question the tactics, clearly they have deliberately delayed and timed the buy backs during tax sell off. However, it is mostly non-holders and those with no skin in the game who are the ones angry about it. Anyone with shares right now is almost certain to benefit as well IMO! It should be a nice journey for the next 6-12 months! Especially with current gold prices and expectations it will go to $3000usd this year.
    Last edited by coto: 28/06/24
 
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