King River Copper share rally could also result in a cash injection
Share
15:11 16 Mar 2018
The company recently tested 99.48% purity vanadium and 99.5% purity titanium.
http://static2.*.com.au/thumbs/upload/News/Image/2018_03/757z468_1521174157_shutterstock_186263516.jpg
Positive news flow from King River’s Speewah project
King River Copper Ltd (ASX:KRC) has been one of the top performing shares on the ASX, with the share price tripling over the past one month, last trading at 13 cents.
The shares have been supported by the positive news flow from King River’s Speewah project in Western Australia, where it recently tested 99.48% purity vanadium and 99.5% purity titanium.
READ: King River Copper surges on positive test results for high purity vanadium
Importantly, the purity results have boosted the capability of the project’s product to meet vanadium flow battery (VFB) market requirements.
Share price rally could see cash injection from option exercise
King River had over 124 million listed options as at February 2, 2018 exercisable at 10 cents and expiring on 30 June 2018.
With the stock trading at 13 cents, the options are in-the-money and will enable the company to raise more than $12 million if all the options are exercised.
READ: King River Copper’s shares surge higher following fluorite resource upgrade
Metallurgical optimisation work on the 4.7 billion tonne JORC resource of vanadium, titanium, fluorite and iron at the Speewah project is ongoing.
An initial concept/scoping study is expected to be available early in April 2018.
Commencing gold drilling at Mt Remarkable
King River has also engaged its field geologists to reactivate the Mt Remarkable gold exploration programs in April.
Reverse circulation drilling is booked for May 1 and diamond drilling booked for the third week of May.
I expect to see the SP to hit 0.20c within the next couple of weeks; before Easter break.
http://www.*.com.au/companies/news/...d-also-result-in-a-cash-injection-193275.html
- Forums
- ASX - By Stock
- KRR
- King River Copper share rally could also result in a cash injection
King River Copper share rally could also result in a cash injection
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add KRR (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.9¢ |
Change
-0.001(10.0%) |
Mkt cap ! $13.98M |
Open | High | Low | Value | Volume |
0.9¢ | 0.9¢ | 0.9¢ | $49.8K | 5.533M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
14 | 14647500 | 0.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.9¢ | 17885 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
14 | 14647500 | 0.008 |
8 | 6369085 | 0.007 |
10 | 5680808 | 0.006 |
10 | 7138888 | 0.005 |
4 | 4599990 | 0.004 |
Price($) | Vol. | No. |
---|---|---|
0.009 | 17885 | 1 |
0.010 | 3985540 | 11 |
0.011 | 4873656 | 6 |
0.012 | 1657242 | 8 |
0.013 | 162000 | 1 |
Last trade - 15.37pm 07/05/2024 (20 minute delay) ? |
|
|||||
Last
0.9¢ |
  |
Change
-0.001 ( 10.0 %) |
|||
Open | High | Low | Volume | ||
0.9¢ | 0.9¢ | 0.9¢ | 55750 | ||
Last updated 15.08pm 07/05/2024 ? |
Featured News
KRR (ASX) Chart |
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO
Charles Armstrong
CEO
Previous Video
Next Video
SPONSORED BY The Market Online