I've never discounted the potential for Pennikat. It is there still. And some statments thrown around to the market just weren't aren't being realised. Unfortunately it is our there in the public domain that the company stated it will not only be drilling Pennikat but also Porsanger in 2023. You can find that information in all of the crux investor episodes online. https://www.cruxinvestor.com/posts/kingsrose-mining-krm-bargain-buy-38m-in-cash-mkt-cap-38m-26014
Sure timelines can move. Delays happen. But you've got some pretty heavy headwinds considering the company will induldge any rollback of activites due to natura restrictions and or public and stakeholder objections.
October 2022 to date which is essentially only 1.5 years you have $10million in cash burn. That's some scary sheeeet IMO for a company that took on another assest on top of its flagship asset and created negative share holder value further more now looking to acquire another? Ok so will that actually moved the needle? If history is a guide? I hope its the opposite this time of course.
So I'm not off the mark here... and yes there has been some misleading statements as much as I like Fabian and the companies vision.
As much as I'm frsutrated and growing impatient I'm still a supporter here and will buy at cash in a hope for god sakes something goes this companies way...
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I've never discounted the potential for Pennikat. It is there...
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Last
3.1¢ |
Change
-0.001(3.13%) |
Mkt cap ! $23.35M |
Open | High | Low | Value | Volume |
3.1¢ | 3.1¢ | 3.0¢ | $99.19K | 3.299M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 93333 | 3.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.2¢ | 633333 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 93333 | 0.030 |
5 | 1435767 | 0.029 |
2 | 300500 | 0.028 |
2 | 870000 | 0.027 |
1 | 125000 | 0.026 |
Price($) | Vol. | No. |
---|---|---|
0.032 | 633333 | 2 |
0.033 | 602105 | 3 |
0.034 | 254000 | 2 |
0.035 | 304070 | 3 |
0.037 | 100000 | 2 |
Last trade - 16.10pm 23/06/2025 (20 minute delay) ? |
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