KRR 7.69% 1.4¢ king river resources limited

The high % quantity of metals extracted are good. 99.5% V2O5 is...

  1. 494 Posts.
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    The high % quantity of metals extracted are good.  99.5% V2O5 is fantastic. and very high value.  
    but the amount of acid used seems high. I'm NOT knowledgeable in this area - but this is the first time I've seen KRC actually specify quantities of acid used.  "Bottle roll test conditions were 20% H2SO4"  and "Acid consumption was 1090 kg/t concentrate"  are these values high? is that expensive? What do you do with the acid after processing? How is it handled safely?  I really don't know.

    The SS hopefully will talk about capex / opex / revenue / IRR expectations.

    A spinning top is not a bullish sign. It indicates indecision by the market.
    https://www.investopedia.com/terms/s/spinning-top.asp

    I see today's news push SP abov e two trend lines (blue dashed and purply-white) as well as hitting the 20d MA.  Given market sell-off and 3 different resistance areas a spinning top probably shows indecision by the market.  Spinning tops can mean nothing, indicate turning points near the top / bottom of a move and can even be part of a continuation pattern.

    upload_2018-10-15_20-45-13.png
 
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