KMN 4.00% 12.0¢ kings minerals nl

The subject title, as you all probably know, describes:1. a...

  1. 72 Posts.
    The subject title, as you all probably know, describes:

    1. a state of inactivity or stagnation, as in business or art.

    What we need to understand though is the underlying reason(s) for this state of inactivity or stagnation. In this case I am referring to the listless share price not necessarily the company's exploration efforts.

    Recently any attempted price rise of a patry 0.5-1.0 cents is almost immediately followed by another trade, at a price 0.5c-2.0c below the previous trade price, thus killing any upward momentum. This pattern is very obvious when watching course of trades and easy to do with a relative lack of buying depth...

    The SNN share price on the TSX has also been copping a flogging in recent times - this is at a time of record gold prices! Policy selling of juniors perhaps?

    What gives? Is everybody waiting on the rhenium results? Your thoughts are appreciated...

    Cheers, 'stoker2.
 
watchlist Created with Sketch. Add KMN (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.