Things around here are as bleak as the Melbourne weather.
I wonder though whether the reaction to one party walking away (6c to 2c in a few days) is a bit of an overreaction. No doubt the China and Greece issues combined with low IO prices are combining to provide a bit of a triple whammy to general KFE sentiment.
However, I think there is still some hope here.
The previous quarterly did mention multiple parties in discussions to buy.
IB holds a tonne of stock.
Nobody's at the company is being paid until a deal is struck.
Seems to be strong political support / economic need for an expanded IO industry in Nigeria.
Looking forward to the next announcement from management.
Predictions/thoughts, page-6
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Last
3.8¢ |
Change
-0.001(2.56%) |
Mkt cap ! $136.7M | |||
| Open | High | Low | Value | Volume |
| 4.1¢ | 4.3¢ | 3.7¢ | $880.4K | 21.88M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 132962 | 3.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.9¢ | 700000 | 2 |
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| M4M (ASX) Chart |