I have followed Kings since the 20 cent mark. I can tell you...

I have followed Kings since the 20 cent mark. I can tell you from previous SP movement which has been close to a price sensitive announcement that the company has a habit of 'leaking' Any long term holder who has watched its rise since the high teens could vouch for that.

One for the bottom draw to forget about for 5 years I agree. However I still think its very concerning to see this kind of drop before a JORC. Volume is over 400k already which is well over average volume throughtout the year.

My reading of it is that the initial resource is likely to be around 20-30 MT. Still think they will easily proove over 150 MT it just might take a little longer.

Just my 2 cents worth! Hope i'm wrong