KIN
Click for more information
3.85% 5.4¢ kin mining nl

Sprott Loan

  1. nk
    3,079 Posts.
    lightbulb Created with Sketch. 129
    clock Created with Sketch.
    14/02/18
    11:02
    Post #: 31043908
    I have dumped 75% of my holding

    (1) I invested because Sprott invested

    Sprott are obsessed with the quality of management

    Sproule has a very good reputation as a small mine builder. The BOK insolvency was due to a failure in resource modelling, not his skill set. If Sproule is out I am out.

    Some loans have covenants relating to retention of key people. Think about that risk

    (2) In addition, as a result of the behaviour of Metal Tiger protagonists in the KCN 249 d board roll attempt, I decided never to invest in a company Grammer had influence over ( Grammer being a director and large shareholder of Metal Tiger)

    The biggest risk here is the loan and whether Sprott calls it in, that is why the price is tanking.
    KIN Price at posting: 22.0¢ Sentiment: Sell Disclosure: Held
    Likes Created with Sketch. 6  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

  2. Top Stories

 

Featured News

SXL Southern Cross says no to buy up of Australian Community Media assets
right-arrow Created with Sketch.
NIM Nimy extends sulphide targets at Mons with new anomalies identified
right-arrow Created with Sketch.
CMX ChemX Materials kicks off first stage works at WA high purity alumina pilot
right-arrow Created with Sketch.
SFX Sheffield Resources achieves milestone production, shipments at Thunderbird, WA
right-arrow Created with Sketch.
PH2 Pure Hydrogen to supply hydrogen-fuelled garbage truck to City of Newcastle
right-arrow Created with Sketch.
ABY Adore Beauty buys up wellness brand iKOU for $25M cash
right-arrow Created with Sketch.
watchlist Created with Sketch. Add KIN (ASX) to my watchlist
(20min delay)
Last
5.4¢ 		Change
0.002(3.85%) 		Mkt cap ! $63.62M
Open High Low Value Volume
5.3¢ 5.5¢ 5.3¢ $52.51K 973.3K

Buyers (Bids)

No. Vol. Price($)
1 115718 5.3¢
 

Sellers (Offers)

Price($) Vol. No.
5.6¢ 50000 1
View Market Depth
Last trade - 14.15pm 28/06/2024 (20 minute delay) ?
KIN (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.