KRM 4.44% 4.7¢ kingsrose mining limited

EOFY will for sure be some TAX-LOSS selling .. poor PGM...

  1. 12,764 Posts.
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    EOFY will for sure be some TAX-LOSS selling .. poor PGM sentiment ..general weak market interest in resource stocks ..

    For me it's a patience game .. KRM with BHP backing + large cash backing and now Penikat enviro permit for exploration..

    I seen TM1 moved up 150%+ intraday on some low-grade PGM +Cu+Ti/V results

    We know the Penikat reef have very high grade PGMs drill results to date ..these kind of grades are very rare ..

    I think JULY will see some support floor come into the SP back in the high 4's and later 24 and certainly 2025 will be great time to be KRM S/H which IMHO is one of the lowest risk/reward exploration plays on the ASX..

    Hopefully, I add more shares before the market warms up to forward upsides

    In a macro sense commodities aren't expensive int he market... many Global economic factors are point to 70's repeat ..another Oil Crisis later this decade off the back of under investment?
    https://hotcopper.com.au/data/attachments/6263/6263273-0d6b8c380c8bf9b0449e20971bc9ea74.jpg

 
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