There seems to be a lack of bids on the buy side rather than abnormal selling pressure.
On the seller side there are only 80K odd on offer between 85c and yesterday's close of 91.5c. The last communication I've had with KRM indicated that the Co was looking forward to the recommencement of mining at Talang Santo as per previous ann.
The stock is quite illiquid so a shareholder of say 200K shares getting out could have caused today's drop.
The river fatality, as per the ann, had nothing to do with KRM, yet it sent the SP down by 10c and the SP since then has had difficulty in recovering.
As previously posted, IMO, the fundamentals look OK provided that things get back to normal by Mar 2013 as per KRM's ann. The only thing that could impact on this is a black swan event in the interim.
With kind regards Moorookamick
KRM Price at posting:
85.0¢ Sentiment: LT Buy Disclosure: Held
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