KRR 5.56% 1.0¢ king river resources limited

Good points regarding the drilling program. I am sure we will...

  1. 11,759 Posts.
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    Good points regarding the drilling program. I am sure we will get news regarding that at some time this week.

    By the way, impossible to be 3x under from where we are now at 1c. That would mean -2c. Impossible. We could drop to 0.7c, we were at 0.8c recently so who knows, but even if this drilling program is a total dud, I doubt we would go much lower. This is pretty much rock bottom IMO. We have $14M in cash and TVN shares in the next 12 months to arrive.

    There are companies higher than us with 500k in the bank who will be forced to raise at the lows. For us, this cannot take place with all these additional funds at our disposal and the $4M odd we have in the accounts right now.

    We are destined to head higher with drilling news once management pull their weight and get going. The ground is dry now!
    Add in a share buy back at the same time providing good support. A great buying opportunity now imo.
    Last edited by coto: 20/04/24
 
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