KRR 7.14% 1.3¢ king river resources limited

Ann: Tennant Creek Drilling Update, page-44

  1. 11,240 Posts.
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    First assays expected mid January which is just 2 trading weeks away now. Obviously it will be the first of many releases since it is such a sizeable and ongoing drilling program. However if the initial results come in with anything of substance then the excitement will start to build again imo. The sell side is not crazy either, so a spike in volume will create large percentage increases. Looking forward to the newsflow and exploration pace to pick up in 2024. With $20M in funds available to us, there is not a lot holding us back. If results are above expectations and the market can’t ignore us any longer, 8-10c is more than possible imo. If this takes place and a discovery is on track, I would like to see management undertake a capital raise to really accelerate things. That is, multiple drilling programs on multiple tenures within our TC holdings.
 
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