It seems volumes are much too small for any institutional buyers and that surprises me.
50% up on my buy-in about 5 weeks ago and even today, only 40+ trades for 650K shares. Our MC of $53M is insane.
I have shares in a half bankrupt iron ore company valued 6 times this.
Nice Annual Report with good figures and very impressive Directors Report.
It seems we may only have to wait less than 2 years to see serious profits and to be still MC so low tells me the instos will enter very soon. I see $500K MC within 2 years. Any takers?
KNL Price at posting:
21.5¢ Sentiment: Buy Disclosure: Held
