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5.13%

4.1¢ kingsrose mining limited

on the bright side, those 6.5m shares should have been sold down...

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Beachlover

2,297 Posts.

326

11/01/21

19:06

Post #: 50093002
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Originally posted by hashtagwinning: ↑

If the Indo government did exercise it's option to buy it's share of the project, it would just put more cash in the KRM kitty, and essentially will force them to look to find another project. The terms are 'market price' which typically equates to share price. So another $15m in the bank on top of $38m treasury- you would have a shell with cash at 2.5x current market cap.
I would call that a great scenario.
If KRM find more gold and keep producing at NPAT like they did in 2020 I would call that a greater scenario.
More upside than downs when you have a negative EV.

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on the bright side, those 6.5m shares should have been sold down by now so hopefully upward tomorrow....

didnt help gold price taking a beating late last week

KRM Price at posting: 4.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 4.1¢		Change 0.002(5.13%)		Mkt cap ! $30.85M

Open	High	Low	Value	Volume
3.9¢	4.3¢	3.9¢	$256.1K	6.289M

Buyers (Bids)

No.	Vol.	Price($)
1	239999	4.1¢

Sellers (Offers)

Price($)	Vol.	No.
4.3¢	102446	2

View Market Depth

No.	Vol.	Price($)
1	5952	0.042
2	56097	0.041
4	1538472	0.040
3	1026428	0.039
4	596836	0.038

Price($)	Vol.	No.
0.041	66219	1
0.042	10000	1
0.043	102446	2
0.044	459023	5
0.045	1024637	6

Last trade - 16.10pm 13/05/2024 (20 minute delay)


Last 4.1¢			Change 0.002 ( 6.49 %)
Open	High		Low	Volume
4.0¢	4.3¢		3.8¢	1449827
Last updated 15.59pm 13/05/2024 ?

KRM (ASX) Chart

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