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1.4¢ king river resources limited

Hi GolladaYou have a valid point but I think management is...

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waeyap01

99 Posts.

62

12/06/24

15:16

Post #: 74280543
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Originally posted by Gollada: ↑

Thanks and therefore, I can't understand on what grounds is the mgmt queuing up at 0.008 for the buyback and why are there sellers at 0.009 and 0.010. Unless the sell side is just being built up to force people to jump queue and dump at 0.008.

The only catch is selling at 0.01 vs 0.008 means taking an additional loss of 25%. Not sure if there is any one that is so desperate to sell that they are willing to take a extra 25% loss, specially given we are going to drill 10,000 m in the next 4 months.

The mgmt queuing at 0.008 is definitely not helping the SP.

Seriously, begs a question, what is their priority and what are they doing?

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Hi Gollada

You have a valid point but I think management is trying to weed out weak hands and therefore when pump comes, it should rocket.

Further, this would also increase the value of the company given less shares on issue.

Plus if a CR is required down the line at a price higher than 0.8c then both the company and the shareholders win.

Just my few cents.

KRR Price at posting: 0.9¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 1.4¢		Change 0.000(0.00%)		Mkt cap ! $21.39M

Open	High	Low	Value	Volume
1.4¢	1.4¢	1.4¢	$2.389K	170.6K

Buyers (Bids)

No.	Vol.	Price($)
2	645347	1.3¢

Sellers (Offers)

Price($)	Vol.	No.
1.4¢	369136	6

View Market Depth

No.	Vol.	Price($)
2	645347	0.013
8	973715	0.012
5	2088908	0.011
9	2444792	0.010
14	5813467	0.009

Price($)	Vol.	No.
0.014	369136	6
0.015	3380355	8
0.016	4532757	8
0.017	176470	1
0.018	3099974	3

Last trade - 16.10pm 09/07/2024 (20 minute delay)

KRR (ASX) Chart