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6.25%

8.5¢ kinetiko energy ltd

Suge,Thanks for that insight.I am not aware of the older history...

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Polyh

747 Posts.

151

02/07/22

17:10

Post #: 62336438
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Originally posted by SugeKnight: ↑

This stock is very illiquid , and the directors are the only reason the company is still up and running

Their CR's are always under subscribed and in the last raise the directors contributed. So it looks like they believe in the company and are supporting it stay afloat, which is good. But there is a risk that things can go south and they'll have to turn the lights off.

its highly risky, and the company has a lot of history (pretty sure they were delisted in the past)

They had issues with their partner, but last year struck a deal to buy them out and own 100% of the project.

The directors are doing a good job now turning the ship around.

The proposed issue date for the 500m+ shares was 19 August 2021. But it still hasnt happened so i dont know whats going on there in regards to the ownership. Someone should ask the company

If they successfully start selling some gas on a small scale as they plan to now, it may help them with cashfow to advance with the rest of their exploration plans. Still early days here and the SP reflects the high risk nature of this company

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Suge,
Thanks for that insight.
I am not aware of the older history of this company.

KKO Price at posting: 6.4¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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(20min delay)
Last 8.5¢		Change 0.005(6.25%)		Mkt cap ! $114.6M

Open	High	Low	Value	Volume
8.1¢	8.8¢	8.1¢	$15.16K	179.4K

Buyers (Bids)

No.	Vol.	Price($)
2	36648	8.2¢

Sellers (Offers)

Price($)	Vol.	No.
8.5¢	955	1

View Market Depth

No.	Vol.	Price($)
2	36648	0.082
2	60000	0.080
2	94000	0.079
1	20000	0.078
1	19143	0.074

Price($)	Vol.	No.
0.085	955	1
0.088	103084	2
0.090	100000	1
0.094	225000	1
0.100	45333	2

Last trade - 10.33am 01/08/2024 (20 minute delay)

KKO (ASX) Chart