The SP has been slowly driven down to 0.035c by a trader/broker with consistent buying up of those falling out. Today it is continuing with a BOT running a buy up at 0.035c.
Someone is consolidating a large holding with a buy up. That someone is a large player namely Bank, Fund or Brokerage[on behalf of client/s] and the question to ask is …….WHY would a big player BUY up stock of KRR now if it wasn't a very good investment.
The 2nd question is WHY would anyone SELL if the "big guns" are slowly buying up at these prices? That would make you a loser in the long run. Unless you are day trading which there is little to no evidence really of this happening. Day traders would do much better elsewhere currently.
The recent announcements and news show KRR are exactly on track to make this an unbelievable success. What is/would the value of KRR with the SSM, Gold and Fluro projects combined? Or even just the SSM project which we will know with the new PFS in July!
Does our current SP reflect a true value of KRRs worth?
Any of the Big guns buying up now suggests strongly that it is at a bargain basement price.
IMHO I agree with them.
Yak52
SP Trading Views, page-30
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Last
1.3¢ |
Change
0.001(8.33%) |
Mkt cap ! $13.75M | |||
| Open | High | Low | Value | Volume |
| 1.2¢ | 1.3¢ | 1.2¢ | $51.72K | 4.296M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 630000 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 1876614 | 5 |
View Market Depth
| Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
| KRR (ASX) Chart |
