KRR 10.0% 1.1¢ king river resources limited

Ripe for a T/O, page-19

  1. 5,064 Posts.
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    just having a look at this coy... realize the cash balance is falling, a few oppies getting exercised to give it a boost by the seems... so am I right saying a CR is on the cards soon... I here why some of you are hoping for a TO, in truth there is much work to bring KRC into revenue status so hence a TO would be a nice easy way to profit for holders in the short term... If holders want KRC to become a producer you have to realize the massive dilution that is needed, so hence you would be better to sell now and buy later considering the bank balance..

    IF and a big IF any one is going to attempt a TO or even partner up with KRC then I would say due to the needed CR the time would be now to attempt such...

    I would say KRC are a little vulnerable right now without a strong cash balance... watch this space...

    The only reason one would take the gamble at these levels of investing is in hope for a TO or a joint venture...
 
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