Ann: Response to ASX Price Query, page-3

First 3 Last

Share
Profile

Follow
bladerunner

560 Posts.

2

13/06/19

14:29

Post #: 39042096
Share

Originally posted by mr_delta: ↑

Hi ASX,

We have no clue why our price fell 2.5c on less than 500K volume EVEN THOUGH we came up with an announcement that would have made any of our competitors' share price jump up by 25% even if they were already on a much higher market cap.

Normally our share price doesn't run up because we are a Tanzanian based company and as you know that all Tanzanian companies are "doomed" - for the want of a better word (I know you will say "what about WKT?" - before you ask that, why don't you ask WKT why their share price is 300% higher this year? ). But the last announcement was PURE AUSSIE FOCUSED - we even mentioned we are going to source the graphite from anywhere we can get out hands on - YET THE SHARE PRICE TANKED TODAY.

Can I please request ASX to look into this matter and find the cause of this 2.5c drop in share price on < 500K volume. something is not right and we, as KNL management, have no clue. There are some rumblings on a stock forum called HotCopper ( I am sure you have heard of that lot) and there is a thread asking for the management to IMPROVE THE PR (not sure what "improve" means and "improve the PR" as a phrase means nothing to us).

Yes ASX, we have potential. Oodles of them and that too since 2015. Yet our share price has NEVER reflected this. We have Binding Offtake (non-Chinese at that), Comm Bank as a BIG INVESTOR ( we are told this is their only graphite play) and we have German government bank guarantee. After all these and after 37 Investor Presentations in cities no one ever dares to promote, we have not reached our potential. Not even half our potential. At times we do seem to get it right and run up by 4-5c - only to hit something we are called "iceberg sellers". Can you please explain to us what these "iceberg sellers" are? Iceberg lettuce - YES we know them. Our Coles and Woolies stock and sell these iceberg lettuce, does it mean that they are the "iceberg sellers"? Please help us out.

So to summarise your "Please explain why the price dropped 2.5c on 500K volume" we end this with a very well known phrase - "WE KNOW 'NUFFIN' ".

Yours sincerely,
The KNL Management

Expand

Surely the ASX has beter things to do than to query a stock that has only been traded just over $50k. Go after the big guys you morons where there has been blatant ramp ups worth millions before an annoucement!

KNL Price at posting: 13.0¢ Sentiment: Hold Disclosure: Held
6 Upvote

0 Great analysis

Reply

Top Stories

Week 44 Wrap: Relatively boring week ahead of US election; HotCopper's most watched; Oz inflation at 3.5%

Bitcoin hits fresh record as instos pile into BTC ETFs – and Trump helps, too

MIN

Movers and Shakers: Zip Co, MinRes, Kuniko, more – The week's top ASX gainers

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

MIN

Ellison slapped with $20M sanction from MinRes but will stay on as leader – for now

First 3 Last

Add EGR (ASX) to my watchlist

(20min delay)
Last 8.2¢		Change 0.001(1.23%)		Mkt cap ! $37.23M

Open	High	Low	Value	Volume
7.9¢	8.2¢	7.8¢	$4.49K	57.52K

Buyers (Bids)

No.	Vol.	Price($)
1	13982	7.8¢

Sellers (Offers)

Price($)	Vol.	No.
8.3¢	5000	1

View Market Depth

No.	Vol.	Price($)
1	13982	0.078
1	487	0.077
3	52723	0.076
2	40000	0.075
2	40554	0.074

Price($)	Vol.	No.
0.083	5000	1
0.084	24873	1
0.085	61000	2
0.089	9000	1
0.090	75737	6

Last trade - 14.39pm 04/11/2024 (20 minute delay)

EGR (ASX) Chart

Ann: Response to ASX Price Query, page-3

Week 44 Wrap: Relatively boring week ahead of US election; HotCopper's most watched; Oz inflation at 3.5%

Bitcoin hits fresh record as instos pile into BTC ETFs – and Trump helps, too

Movers and Shakers: Zip Co, MinRes, Kuniko, more – The week's top ASX gainers

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

Ellison slapped with $20M sanction from MinRes but will stay on as leader – for now

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Response to ASX Price Query, page-3

Top Stories

Week 44 Wrap: Relatively boring week ahead of US election; HotCopper's most watched; Oz inflation at 3.5%

Bitcoin hits fresh record as instos pile into BTC ETFs – and Trump helps, too

Movers and Shakers: Zip Co, MinRes, Kuniko, more – The week's top ASX gainers

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

Ellison slapped with $20M sanction from MinRes but will stay on as leader – for now

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News