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.
- Forums
- ASX - By Stock
- Sprott Loan
I have dumped 75% of my holding (1) I invested because Sprott...
-
- There are more pages in this discussion • 11 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add KIN (ASX) to my watchlist
|
|||||
Last
6.0¢ |
Change
-0.002(3.23%) |
Mkt cap ! $70.68M |
Open | High | Low | Value | Volume |
6.1¢ | 6.1¢ | 6.0¢ | $32.65K | 541.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 80697 | 6.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.1¢ | 81967 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 80697 | 0.060 |
2 | 200000 | 0.059 |
2 | 30000 | 0.058 |
3 | 264471 | 0.057 |
3 | 427468 | 0.056 |
Price($) | Vol. | No. |
---|---|---|
0.061 | 81967 | 1 |
0.062 | 128786 | 1 |
0.063 | 210000 | 1 |
0.064 | 104628 | 4 |
0.065 | 154015 | 1 |
Last trade - 14.37pm 16/07/2024 (20 minute delay) ? |
Featured News
KIN (ASX) Chart |