My thoughts

I was in a meeting today and as such did not have time to watch the monitors and check on here. I was asked if I am ready to call support at 6.8¢ – 7.0¢. Simple answer is YES I am. Why? Well 27 & 28 February 2018 and close 9 March are what I determine as resistance @ 7¢ which it broke then on the 12 March 2018. It became a support to me on the 17 and 18 May 2018 as indicated on chart.

At end of day today the chart shows a bullish engulfing pattern “A bullish engulfing pattern occurs in the candlestick chart of a security when a large green candlestick fully engulfs the smaller black candlestick from the period before. This pattern usually occurs during a down trend and is thought to signal the beginning of a bullish trend in the security.” I have attached today's bullish engulfing (GREEN) with the Black Marubozu (BLACK) yesterday close superimposed over the top, so you can see today engulfed yesterday.


As announced yesterday 17-05-2018 “The first batch of samples have arrived at the laboratory in Perth and results are due within the next 14 days. Samples are being dispatched from site to Perth on a regular basis as the programme progresses” Anything else they want analysed with urgency would be flown to Perth to make sure results are good for the 30 June 2018 date.

So to me it would be logical that we will see the SP rising now that news has been digested and there is more talk about the company along with the assay results which if they are like previous results will really push it northwards, long with the company working on a CS, working on the 0.002% Vanadium increase to make 99.5%, they are under written for $6 million and that they are already in discussion with potential joint venture parties, what is not to like about KRC.

Have a look at previous announcements:

05-04-2016
The most significant historic gold intersections were
o 5m @ 15.36g/t Au and 35g/t Ag, including 1m @ 35.55g/t Au and 41.8g/t Ag
o 4m @ 15.1g/t Au including 1m @57.2g/t Au
o 17m @ 1.12g/t Au and 16.2g/t Ag
o 2m @ 6.9g/t Au and 21.3g/t Ag
o 3m @ 3.5g/t Au and 12.5g/t Ag

10-11-2017
Drilling at Mt Remarkable Intercepts High Grade Gold
King River Copper Ltd (ASX:KRC) is pleased to report that a new scissor hole at the Trudi Vein location targeting a historical high grade zone (KRC ASX announcement 29 October 2017) has intersected 6m at 37.6g/t Gold (Au), including 1m at 90.7 g/t

21-11-2017
Update on High Grade Intercept in Scissor Hole at Mt Remarkable
King River Copper Ltd (ASX:KRC) is pleased to report the balance of assays from the scissor hole at the Trudi Vein previously reported (KRC ASX announcement 10 November 2017) that intersected 6m at 37.6g/t Gold (Au), including 1m at 90.7 g/t Au.  The new intersection is 11m at 27.9g/t Gold (Au) and another intersection of 3m at 5g/t Au at the top of the hole.


27-11-2017
High Grade Gold Interpretation of Scissor Hole at Mt Remarkable
King River Copper Ltd (ASX:KRC) is pleased to provide this initial interpretation of the geometry of the gold mineralisation in the Trudi Vein including the very high grade gold intersection of 11m at 27.9g/t Gold (Au) reported in the scissor hole KMRC026 (KRC ASX announcements 10 November 2017 and 21 November 2017).  Drilling at this location targeted a historical high grade intersection (5m at 15.4g/t, see KRC:ASX 5 April 2016 release) to confirm these results and provide material for petrographic study. KRC has received all the assays from the Trudi scissor hole and two other holes at this location, which have been incorporated with the survey and geological data into the drill hole database, and used to construct a north-south section at right angles to the east-west trending Trudi Vein.

23-04-2018
Hong Kong presentation
Advance discussions with potential joint venture parties on
Q3 2018
completion of the Scoping Study
Whitewater Volcanics regional exploration and drilling


Once again this is my own interpretations and from research, not to be taken as financial advice.