There's a few posters around SM that you just love to see turn up trashing a stock. Given their track records it's surprising they still have the audacity to post.
KGD have a decent drill target in a good area, money to drill it and begin poking holes this weekend. Should have a nice trade in the lead up to results, especially given the cap structure with just 155m SOI. Also worth noting a few things.
- The CEO has an indirect interest in Merchant who added 10m shares to take their holding to 11.6% company
- They have pegged ground that I can find in maps which has not yet to my knowledge been announced.
- They have $2m cash and a sub $5m EV so very well leveraged to any success
KGD Price at posting:
3.8¢ Sentiment: Buy Disclosure: Held
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