KRR

5.56%

1.0¢ king river resources limited

Ann: Non Renounceable Rights Issue, page-4

First 4 Last

Share
Profile

Follow
tcf

6,864 Posts.

273

19/10/15

18:06

Post #: 16207089
Share

Originally posted by tcf ↑

Strategically this is the worst move any company could make pre end of a drill program and the resulting assay results.

We have been told that Phase 2 B is fully funded. We have been told that Australian Heritage has provided unsecured and interest free funding for the end of an extended drilling phase into November December. Where has this funding gone? No mention made in the new report.

With drilling apparently having proceeded for almost a month, advice of new significant geology but no assays to talk of, the KRC Board now decides its a great time to raise extra funds at 1 cent per share.

This move reeks of desperation in the either known or unknown outcome of the "very pleased to advise" Phase 2 B drill program.

The worst case scenario behind the announced fundraiser is that drill and or assay results are coming through which indicate poor drill outcomes which will make fund raising near on impossible after they are announced or the Board is so confident of drill results that it is gifting shareholders cheap shares so that they make a killing when results come through.

If confidence is the key then why not wait for the results to drive the share price and enable fundraising to minimise share dilution?

So at this time one can only assume that news to come is potentially all bad so fundraising has to occur before it is made public. Timing is everything and the KRC Board in my view has provided bad news on the progress of its Phase 2B drilling to shareholders after Phase 2A results basically said nothing.

KRC can't rely on layer cake theories, epithermal veins or the tooth fairy any more. Very positive assay results are its only future. Only a couple more weeks without very good news before I quit this show bag of a stock.

Expand

And here's me thinking the next news from the company would be some positive market lifting drilling results not a market killing fund raiser.

The company has taken a glass half empty approach by seeking funds before assay results rather than a glass half full backing assay results to lift the share price before fundraising.

Without very good results KRC just may not be around this time next year.

KRC Price at posting: 2.0¢ Sentiment: None Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

CBA breaks trading record on strong day for Aussie financials

RMX

Red Mountain Mining: record gold prices, two projects, two greenstone belts

SBW

Shekel Brainweigh investor presentation webinar – the future of retail automation

Week 36 Wrap: AI hype wave tested again; Oz per capita recession continues; AirTrunk’s $40B+ payday

BIT

HotCopper users blunt as Biotron sinks -35%; long-awaited COVID drug results same as placebo

QML

Metallurgical testing shows saleable copper and pyrite from QMines' Develin Creek project

LAM

Laramide sniffs prime Kazakh uranium, with agreement over 6000 square km land position

OCC

Orthocell kicks off collagen-based dental bone repair product sales in Canada; eyeing next stop Brazil

As Nvidia cools, we're looking to Aussie AI

PRU

Perseus Mining boosts stake in Predictive Discovery to 19.9% as latter's flagship project stalls

There are more pages in this discussion • 12 more messages in this thread...

First 4 Last

Add KRR (ASX) to my watchlist

(20min delay)
Last 1.0¢		Change 0.001(5.56%)		Mkt cap ! $14.51M

Open	High	Low	Value	Volume
0.9¢	1.0¢	0.9¢	$1.397K	149.6K

Buyers (Bids)

No.	Vol.	Price($)
22	5690977	0.9¢

Sellers (Offers)

Price($)	Vol.	No.
1.0¢	1473493	7

View Market Depth

No.	Vol.	Price($)
22	5690977	0.009
8	28480304	0.008
6	6133515	0.007
6	5100808	0.006
12	8038888	0.005

Price($)	Vol.	No.
0.010	1473493	7
0.011	1890000	4
0.012	1392985	8
0.013	1826567	7
0.014	4060413	10

Last trade - 13.35pm 06/09/2024 (20 minute delay)

KRR (ASX) Chart

Ann: Non Renounceable Rights Issue, page-4

CBA breaks trading record on strong day for Aussie financials

Red Mountain Mining: record gold prices, two projects, two greenstone belts

Shekel Brainweigh investor presentation webinar – the future of retail automation

Week 36 Wrap: AI hype wave tested again; Oz per capita recession continues; AirTrunk’s $40B+ payday

HotCopper users blunt as Biotron sinks -35%; long-awaited COVID drug results same as placebo

Metallurgical testing shows saleable copper and pyrite from QMines' Develin Creek project

Laramide sniffs prime Kazakh uranium, with agreement over 6000 square km land position

Orthocell kicks off collagen-based dental bone repair product sales in Canada; eyeing next stop Brazil

As Nvidia cools, we're looking to Aussie AI

Perseus Mining boosts stake in Predictive Discovery to 19.9% as latter's flagship project stalls

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Non Renounceable Rights Issue, page-4

Top Stories

CBA breaks trading record on strong day for Aussie financials

Red Mountain Mining: record gold prices, two projects, two greenstone belts

Shekel Brainweigh investor presentation webinar – the future of retail automation

Week 36 Wrap: AI hype wave tested again; Oz per capita recession continues; AirTrunk’s $40B+ payday

HotCopper users blunt as Biotron sinks -35%; long-awaited COVID drug results same as placebo

Metallurgical testing shows saleable copper and pyrite from QMines' Develin Creek project

Laramide sniffs prime Kazakh uranium, with agreement over 6000 square km land position

Orthocell kicks off collagen-based dental bone repair product sales in Canada; eyeing next stop Brazil

As Nvidia cools, we're looking to Aussie AI

Perseus Mining boosts stake in Predictive Discovery to 19.9% as latter's flagship project stalls

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News