Of course there is a reason why all of these things are true:
*There must be a reason why KNL has attracted Blue Chip offtakes and finance interest.
* There must be a reason why the top 20 are not selling.
* There must be a reason why the CBA is not selling, if there was any possibility of Tanz Gov doing the above, CBA would try to salvage as much as possible from their investment in KNL, at any price.
Smart money is patient. Smart money is not bothered by cent dips - even 10 c dips - in the SP because institutions are there for multi-bagger gains. Smart money is loaded up with KNL and is letting the process of licensing, funding and then digging occur. That is how they stay on top of the pile. For once, I am exercising patience with this stock, noting no-one foresaw the regulatory issues last year. If I am wrong here, I am in good company.
CBA does not gamble with shareholders funds, nor does a President wreck one of his country's primary revenue sources.... patient money generally prevails.
KNL Price at posting:
13.0¢ Sentiment: Buy Disclosure: Held
(20min delay)