It is now mid November.
If approval is expected for Andash by year end, there is a reasonable chance it will be before the Christmas break.
Investors can not try and time entry to just before the announcement when they don't know an exact day and many will buy early while its cheaper.
I think we may be getting close enough now to see a sustained rally in the lead up of an anticipated announcement.
The Sydney presentatation Monday night may have been a catalyst to start the move.
Andash should be worth 30-50c depending on the risk discount you want to apply.
Add on at least 10-20c for Burnukurra (I think 20c on my numbers which is in line with Intersuisse's base case) and possibly 10c for Jervois after the pre-feas study also due by year end, and we have a realistic 12-15month target of 50-80c.
Even then the Jervois full FS will be nearing completion and we may get further upside to its value.
KGL won't stay at 10c for the next 6-12 months and suddenly jump 40c-60c.
It's much more likely we will see an uptrend form over a period of time.
With Burnukurra beginning production and cashflow in 7 months and markets continuing to hold despite continuous bad news from Europe, we may possibly have seen the start of the uptrend yesterday after a fairly long base setting period.
Too early to call yet but getting set around 9.5-10c is starting to look like a good idea.
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notes on kentor from the gold symposium, page-9
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Last
9.1¢ |
Change
-0.006(6.19%) |
Mkt cap ! $63.00M |
Open | High | Low | Value | Volume |
9.5¢ | 9.5¢ | 9.1¢ | $11.41K | 122.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 30307 | 9.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
10.0¢ | 52500 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 30307 | 0.093 |
3 | 400000 | 0.090 |
1 | 5378 | 0.086 |
1 | 35176 | 0.085 |
3 | 171275 | 0.084 |
Price($) | Vol. | No. |
---|---|---|
0.100 | 52500 | 2 |
0.110 | 111500 | 2 |
0.120 | 10046 | 2 |
0.130 | 157292 | 1 |
0.000 | 0 | 0 |
Last trade - 10.33am 17/07/2025 (20 minute delay) ? |
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KGL (ASX) Chart |