KGL 3.06% 9.5¢ kgl resources limited

why the spike in sp, page-34

  1. 712 Posts.
    Not sure what all the confusion is about.

    Things we know:

    - Someone has tried to unload 2m shares for the last few weeks
    - Sector rebounded yesterday and lots of juniors jumped upwards of 10%
    - KGL will have 22.0m cash (~15.7c a share) if the Murchison transaction proceeds as expected
    - On top of that, KGL have Jervois which has received good drill hits and cut CAPEX required from scoping study by about 50m recently as well as farm in agreements in Bashkol project and geothermal project

    13-15c is more than a fair price.
 
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