Every time I speak with Fabian I have increased my position and I'm going to try and call him again later today. That said. The SP pressure is coming from all angles.
No institutional participation
Tax selling
Macro breadth weak
Broad base commods sell off
Ambiguity about time frames for Pennikat drill approval
Same for Porsanger
Radio silence from the company basically all year
Again all that said the SP is doing what SP's do within the realms of technical charting its offering a buy zone.
Unless we get some stellar news from the co I just expect grind within the many resistant points the chart has now created. Or not... such is the game
KRM Price at posting:
5.5¢ Sentiment: Buy Disclosure: Held
