KWR suffered a (total over reaction) low volume sell-off based on two (first stage) exploratory diamond drill holes within a very high potential developmental gold play. Kept my entire position that I accumulated at much higher levels. In terms of EV for JORC resources and multi-metal development potent, the current MC of $13M is extremely oversold. Have published a weekly five-year chart that illustrates the low volume nature of the sell-off. IMHO the massively oversold technical and fundamental picture should see a rebound to around 10-12 cents based on long term historical trading patterns, pending further development news for both Lake Goongarrie and potential sales of shallow gold ore to local mills. Good luck to all longs.
KWR Price at posting:
5.7¢ Sentiment: Buy Disclosure: Held
