Ann: Kurundi Regional Geology and Targets, page-24

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24/08/24

07:31

Post #: 75352647
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Originally posted by coto ↑

I am scooping up anything I can under 1c. The market doesn’t realise what’s going on here, especially reading many posters comments in here. Everyone seems to be frustrated, anxious and angry and not thinking of the bigger picture.

It is clear as day that management are taking the slow approach with drilling this year so they can get the buyback done as cheaply as possible. The target seems to be 0.8-1c. They know as soon as they release any assay results they will have to complete the buyback higher and therefore more expensive for the company so the longer they can delay results, the more shareholders will get bored and exit under 1c.

There are no limitations with finances with $13M still outstanding from the TVN transaction, however most of that isn’t arriving until early next year, so you would expect drilling to really ramp up in TC early next year imo.

Clearly management have the bigger picture target of getting their performance rights in the money and that is a minimum 3x return from here and 5x return for the rest of them. That’s a huge return for retail investors to ride on the back of. That is my strategy. Therefore moving a lot of money around and going heavy into KRR at these bargain areas. I have always been bullish on this TC project for years and now they are finally drilling on it, I am more motivated than ever.

Good luck everyone.

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Yes, a most unusual situation with plenty of optionality on the upside and the company putting a floor under the price with the buyback.

KRR Price at posting: 0.9¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 0.9¢		Change 0.000(0.00%)		Mkt cap ! $13.75M

Open	High	Low	Value	Volume
0.9¢	0.9¢	0.9¢	$1.664K	184.8K

Buyers (Bids)

No.	Vol.	Price($)
9	2073335	0.9¢

Sellers (Offers)

Price($)	Vol.	No.
1.0¢	2574128	8

View Market Depth

No.	Vol.	Price($)
9	2073335	0.009
13	29790802	0.008
5	6108515	0.007
7	5434807	0.006
12	8038888	0.005

Price($)	Vol.	No.
0.010	2574128	8
0.011	1289000	4
0.012	941234	9
0.013	696263	4
0.014	591063	5

Last trade - 10.04am 02/10/2024 (20 minute delay)

KRR (ASX) Chart

Ann: Kurundi Regional Geology and Targets, page-24

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