I thought I’d start a new thread, Ding Dong the Euroz-Witch is dead (we believe, it will take 3 days to confirm via the broker data. But it should confirm the final sale of their entire position. And our new NAB-linked buyer is alive, well, and better yet, still buying!).
Personally, I’ve withheld trading (amateurish as I am) of KNL because the exiting by Euroz made it incredibly difficult to predict the outcomes in this illiquid stock.
So here’s my question; what do you think the Euroz trader will say when they realise they have been played by this patient NAB-linked buyer? The same one who was buying up to 20c only a few days ago? I’m going with something like;
“Ummm….. Boss….. Whhhaaaatt?” Or is it a case of the Simpsons carny folk trying to convince themselves they were beaten by the better man as Homer walks away having won his house back? I think we all know how Homer was feeling now.
I think the exiting of Euroz also signals the abatement of the selling pressure. I'm taking share price predictions when finance is announced in the coming weeks-month?
I will however declare that I have no idea what it will do. No ASX-listed graphite company has ever announced bank funding.... KNL is somewhat of a unicorn in that regard. Their customers only highlight this fact.
KNL Price at posting:
17.5¢ Sentiment: Buy Disclosure: Held
