KRM

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3.7¢ kingsrose mining limited

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JabraD

15,516 Posts.

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02/04/24

19:36

Post #: 73155336
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Originally posted by Sunrayta: ↑

A major high grade copper acquisition is a different Kettle of fish than a prolonged fully funded exploration play or plays and using existing cash to continue the status quo of Pennikat to drilling. Both scenarios bring about differing market sentiments, they will either excite or perhaps bring about a lot of potentials risks to the companies cash position IMO.

Many LT holders here since the divestment of Way lingo understand that downside risk has been limited because of the cash behind the company. This company has been very patient and not using the cash lightly. Although I will say that what we spent on Rana has turned out to be a complete nothing burger. And cost us plenty of coin. In saying that thought considering there wasn't much the company could do across Porsanger and Pennikat due to permitting I believe Fabs is no fool. He built a core team in Norway around Rana to have boots on the ground when everything came together this year and beyond.

This has never been relayed to market this strategy. And I've often felt or seen it but now you can see it quite clearly.

So what am I trying to say. Not all news is good news with KRM. Our JV exploits could be refused. We could get a deal and it not be as good as we had hoped. It could be a whopper deal but know its all green field and will take years to potentially drill anything.

I just don't want this company to go to the market for cash on an advanced project they buy and have it undo or stretch the financial position of the company so much so dilution becomes the norm until the norm ceases to exist. Let it be that the stars align across all fronts this time. JV, Acquisition, Pennikat. Lets bring it together stock gods. Less go.

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yep has to be the right news IMO to move this. Hopefully a huge acquisition of some sorts, just hope they don’t pay overs.

KRM Price at posting: 3.5¢ Sentiment: None Disclosure: Not Held
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0 Great analysis

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(20min delay)
Last 3.7¢		Change -0.003(7.50%)		Mkt cap ! $27.84M

Open	High	Low	Value	Volume
3.9¢	3.9¢	3.6¢	$20.47K	546.7K

Buyers (Bids)

No.	Vol.	Price($)
2	149999	3.7¢

Sellers (Offers)

Price($)	Vol.	No.
3.9¢	1000000	1

View Market Depth

No.	Vol.	Price($)
1	100000	0.037
1	122444	0.036
2	335714	0.035
1	500000	0.034
2	650000	0.033

Price($)	Vol.	No.
0.039	1000000	1
0.040	147598	2
0.041	200000	1
0.043	159999	1
0.044	300000	1

Last trade - 16.10pm 23/08/2024 (20 minute delay)

KRM (ASX) Chart

KRM Chart, page-1276

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KRM Chart, page-1276

Top Stories

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