KRM 2.86% 3.6¢ kingsrose mining limited

I dont know why, relatively new myself. From research it seems...

  1. 668 Posts.
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    I dont know why, relatively new myself. From research it seems to have hit a rough patch with restructuring of operations back in 2017. From there they have turned it around, I would say being in Indonesia there is a risk, previous holders being burnt and people putting money into potential plays rather than cash positive and cash generating mining companies. I have attached Simply Wall St fair value (hopefully it attaches, either way FV is $1.04), take what you will from it, but I think we all can agree this is way undervalued and I am happy to scoop up at these prices. Will take a bit of time for the new management to find their feet and put together a strategy of moving this company forward from where they are, which is still a very good position. I believe they don't do well in marketing themselves and could be a reason they are flying under the radar right now.

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    Last edited by sushi2030: 30/11/20
 
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