A tidy end to the trading week for KAU with the challenged...

A tidy end to the trading week for KAU with the challenged junior underground gold miner closing 1.5 cents of 11% higher at 15c, a 25% gain after dipping to a week low on Monday of 12c.

KAU was one of a number of listed gold miners that likely were helped by a stronger overnight spot market in New York, which translated into local currency saw the metal trade around AUD$3,591/oz late Friday in Sydney, up $40 on the day.

trading in KAU on Friday was dominated by one trade of 173k shares at 13.5c for $23k, an unusually large transaction for this mining minnow.

This parcel had been sitting in the market for quite some days, getting nibbled at but possibly acting as a block during an accumulation phase for someone. Today, the bluff was called and the blocking offer (if that's what it was) was taken out.

that was reinforced a minute late at 2.41pm with another trade of 79k shares at 14.5c for $11k.

fair to say these two trades, both larger than most transactions, have opened up the market for KAU shares.

someone has landed themselves a decent parcel in a thinly traded stock that could this year or next or sometime be classed as a turnaround.