KMN 4.00% 12.0¢ kings minerals nl

There's something obviously wrong with this stock at the moment....

  1. 313 Posts.
    There's something obviously wrong with this stock at the moment. IMO, it's not just market sentiment to the sector as the directors posting here would have you believe. As for it's great performance over the past year or so, that is rediculous, it's back to where it was in Jul 06. Performance from Jul 07 is - 65%.

    Technically, I have a H&S target from the breakdown at 55 cents ish of 10 cents. However, there should be good longer term support around 30 indicated by the highs and low in Mar 05, 06, and Sep 06.

    While the directors can sprout off about 10.19m oz au (or 8.5, or whatever) and a massive resource at Kalman, that could be the next OD, the market is never wrong.

    To the person's saying how great they were picking this up at 8 cents, that had to be pre Oct 04. 04!! Bloody hell, I had hair back then.

    Grrrrrroof.



 
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