Yes you are right about a lot of sellers in the market. Maybe they are making a small profit for them self on this stock and then off to the next one. Some are happy to make 10 or 20% on a investment.
But I note there are buyers for these sellers, not 1 for 1 but close enough. Maybe some strenghtening their position in the company???
Me I am holding as I have no other stock comes to mind that will give me a return like KRL will in the long term.
Let them sell, encourage them to sell, get rid of them now in the early days of Bayan & KRL partnership because once all is done and all is in place KRL will be a coal producer on a regular basis selling coal with a great profit margin.
All the best for the weekend Sales
KRL Price at posting:
14.5¢ Sentiment: ST Buy Disclosure: Held
