KRM 0.00% 3.9¢ kingsrose mining limited

waiting..., page-2

  1. 22,360 Posts.
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    There's obviously support at 80-81c.

    Given the anns so far, the Dec Qtr is likely to be similar to the Sept Qtr
    with abit less spend. It will take until March until we're back to normal.

    IMO the shorting has already happened and the 80c+ support should do the job.

    Once there is an announcement of Talang Santo recommencing the SP ought
    to get a substantial lift.

    The nice thing is that the # of shares is less than 300mil.

    Due to low liquidity, however, there's likely to be volitility in the interim IMO
    and a relatively small buy or sell at the end of the trading day could make up to 3c SP movement. No doubt the major shareholders will be watching this closely.

    With kind regards
    Moorookamick
 
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1 24390 4.1¢
 

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