KRR 5.56% 1.0¢ king river resources limited

IMO irrespective of whether someone's manipulating or not...

  1. 1,589 Posts.
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    IMO irrespective of whether someone's manipulating or not the SP will dip to 0.9 c if there are no timely updates from the mgmt. especially given we don't know if the March drilling commenced and even if it did, based on previous track records, the results could be 2-3 months away.

    it might even drop lower if they stick to the timeline of completing 15000m of drilling in 24 months (as per the performance rights announcement)

    there is an order for 15 million shares. will be interesting to see if the buy order goes through at 0.9c or if it will get moved to a lower price.

    also, could it be part of the buyback? only time will tell. The only positive is we may receive payment from TVN while we are waiting for the March/April drill results

    Too many unknowns with this mgmt. With this mgmt, the shareholders are always left to themselves to feel their way around in the dark

    dissapointing.
 
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