No the share price does not reflect the resource otherwise you would be valuing the company at a midget $5.00 per ounce.
The share price reflects idiots trashing their way out when the buying is thin.
This company has a very tidy 1.4M ounces in the ground and a good chance of growing the resource from numerous attractive regional drill targets.
All Kal has to do is grow the resource and with luck lift the grade and wait for the gold price to hit $US1,200 oz.
If it was me I'd be looking to toll treat the ore.
The stock is a gift at these levels.
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Last
2.6¢ |
Change
0.001(4.00%) |
Mkt cap ! $5.151M |
Open | High | Low | Value | Volume |
2.6¢ | 2.6¢ | 2.5¢ | $9.219K | 363.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 259315 | 2.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.6¢ | 1544 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 259315 | 0.025 |
1 | 6000 | 0.024 |
2 | 43000 | 0.023 |
2 | 638186 | 0.022 |
1 | 47615 | 0.021 |
Price($) | Vol. | No. |
---|---|---|
0.026 | 1544 | 1 |
0.028 | 50000 | 1 |
0.029 | 100000 | 1 |
0.030 | 123534 | 3 |
0.031 | 10250 | 1 |
Last trade - 15.54pm 09/08/2024 (20 minute delay) ? |
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KAL (ASX) Chart |