KAB 0.00% 0.1¢ kaboko mining limited

drilling results, page-26

  1. 5,657 Posts.
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    Sorp57.
    Yes the markets, and the world is in trouble. (Something I have been talking about.)
    The compounding problem with KAB is the C/R hang over.

    Best guess, there is still some 20-30m over supply of shares and no buyers offering to take them. This is the selling pressure the pack ramps are trying to get you to ignore.

    1/The acceleration in selling means two things. They now know they will not get rid of the shares and are dumping with markets looking bad...or

    2/They know another C/R is coming soon, and need to off load before it does. Given they have no funds to deliver their "promises" I am leaning to this me.

    Either way. 1.4c is the level to watch. Needs to hold here.

    All the over is my opinion, is listening to people on forums will cost you money.
 
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Currently unlisted public company.

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