OK , first mistake , cease exploration - we know there it plenty of good grade gold there . Concentrate on building the plant & getting gold out of the ground & sold . Probably the worst thing that can happen at this stage is they have a cap raising up to $15000 each shareholder . In this instance shareholders unload to get the shares cheaper at the reduced rate after the 5 day WAP discounted rate . The last cap raising was good terms ie was it 1 for 5 . This is not a disaster at this stage - as they are only short plant funding costs. If you sell you crystallise a 50 percent loss . I will hold & see the terms of a new cap raising . Even Blackham BLK got them selves out of the mire. At this time the tide is going out & frustrated shareholders are selling - the tide will likely come in again. Probably the key to this is weather Sprott demands their money back- & then if they will fund any more of it . Really KIN needs a JV - obviously it is all too much for them as this is the second ruction. I will wait & see what eventuates rather than crystalize a 50 per cent loss & I won't be buying any more as I said previously the risk profile is high on this outfit
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OK , first mistake , cease exploration - we know there it plenty...
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Last
5.4¢ |
Change
0.002(3.85%) |
Mkt cap ! $63.62M |
Open | High | Low | Value | Volume |
5.3¢ | 5.5¢ | 5.3¢ | $52.51K | 973.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 115718 | 5.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.6¢ | 50000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 115718 | 0.053 |
3 | 237479 | 0.052 |
2 | 125000 | 0.051 |
4 | 460000 | 0.050 |
1 | 96000 | 0.048 |
Price($) | Vol. | No. |
---|---|---|
0.058 | 249798 | 2 |
0.059 | 335000 | 2 |
0.060 | 155989 | 2 |
0.062 | 48000 | 1 |
0.064 | 59166 | 3 |
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