Sorry
I have revised my earlier post to better reflect happenings since KRC's receipt of the ASX query letter dated 5 Nov 2013.
The ASX letter advised "Your response is required as soon as
reasonably possible and, in any event, by not later than half an hour before the start of trading (ie before 6.30am
(WST) on Friday 8 October 2013. If we do not have your response by then, ASX will have no choice but to
consider suspending trading in the Entity’s securities under Listing Rule 17.3.".
KRC's 7 Nov letter in response to the ASX query refers to the ASX letter as being dated 6 Nov.
The general market has not been made aware of this ASX letter query until late in the 7 Nov trading session.
However, using Tuesday's close as a base point, in the two days it has taken KRC to answer the query the market has reacted in the following manner.
Day Opening High Low Close Vol
5 Nov 20.5 21 20 20 840k
6 Nov 19.5 20 16.5 18 809k
7 Nov 18 18 16.5 16.5 1.1 mil
Given only positive news - i.e. drilling update and high silver in rock chip - has been reported to the market, one can only speculate on what may have affected the share price since close of business Tuesday.
Hopefully now that this issue is out in the open some logic and balance may come back into the market. Maybe sellers who dropped the stock over the last two days will try to get back in now that the threatened suspension has been averted.
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Last
0.9¢ |
Change
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Mkt cap ! $13.75M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
23 | 6450311 | 0.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.0¢ | 1115000 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
23 | 6450311 | 0.009 |
9 | 29280304 | 0.008 |
5 | 5799516 | 0.007 |
6 | 5100808 | 0.006 |
12 | 8038888 | 0.005 |
Price($) | Vol. | No. |
---|---|---|
0.010 | 1110000 | 3 |
0.011 | 2390000 | 4 |
0.012 | 1092985 | 6 |
0.013 | 1546567 | 6 |
0.014 | 591063 | 5 |
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