Illiquid - I tend to agree with you on the accumulation piece. Traders are definitely playing a part right now but that sort of volume and continued buying suggests to me also that someone is taking a vested interest in the company - what many of us have been wanting for a long time now.
I still think there is news imminant also as at a minimum coal delivery confirmation is surely due any day soon. Frim previous announcements KI was supposed to be sorted out towards the end of the year too so hopefully that outcome is close by and in our favour. Then we have GPK sale, drilling results and new contracts to consider in the mix. So this and the TA looks to be keeping eveyone happy (for the moment).
My main thought is how much will the buyer accumulate????? And then what is there plan from there????
If those noteholders are looking to cash out now is also perfect opportunity for them! Am very surprised not to have seen any '3B' announcements to this effect.
Happy hopping
KRL Price at posting:
15.0¢ Sentiment: ST Buy Disclosure: Held
