KSN raised money at 20c to drill in the gawler craton area , the old shareholders who didn't buy in to the company to see it become an explorer were reconstructed 30 for 1 and suffered big capital losses on the way through
The big shareholders and current board all put money in at 20c and appear to have seen the old dump the stock consistently from its re listing date where the substantial holders now own stock at a 66% loss in less than 6 months
I sense the tax season selling is weighing down a lot of resource explorers , but as happens most years come July we see a big bounce back , I sense KSN might be in that camp with very little real depth on the sell side .
No drilling has commenced yet so there is little reason other than sentiment to see the stock down so hard ....unless I am missing something ?
I was an old shareholder , bought a few at 20 c and some more at 8c about a month ago , and come the last few days of June might jump in again for some more .
Be interested to know if anyone has heard when the drill rigs are being forecast to begin
KSN Price at posting:
6.5¢ Sentiment: ST Buy Disclosure: Held
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