KNI 7.89% 17.5¢ kuniko limited

Gaps 0.755 and 0.935, page-14

  1. 3,990 Posts.
    lightbulb Created with Sketch. 2820
    Looking increasingly likely to me that this has been a pump to get the 10 day (or perhaps 15 day) VWAP up before a cap raise or placement coming soon. I’m not unhappy with a CR if it is to be principally used to significantly expand drilling and the return of assays on the cobalt, nickel & copper projects. Yes, we have cash in the bank, but we now also have staff and burn. So if a decision has been taken to accelerate exploration (and I hope it has, given the current commodity prices) we’re going to need more money soon. If it’s an arranged institutional placement then let’s hope they follow the early VUL model and do it for a nil (or next to nothing) discount to the current trading price range.
    Last edited by camban: 24/03/22
 
watchlist Created with Sketch. Add KNI (ASX) to my watchlist
(20min delay)
Last
17.5¢
Change
-0.015(7.89%)
Mkt cap ! $15.18M
Open High Low Value Volume
18.0¢ 18.0¢ 17.5¢ $5.834K 32.72K

Buyers (Bids)

No. Vol. Price($)
1 30000 16.0¢
 

Sellers (Offers)

Price($) Vol. No.
18.0¢ 20000 1
View Market Depth
Last trade - 15.58pm 01/10/2024 (20 minute delay) ?
KNI (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.