KMN 4.00% 12.0¢ kings minerals nl

why the chart postings, page-2

  1. 5,618 Posts.
    Hi goodoh,
    Just playing devil's advocate here but what makes you so sure kmn is a good stock? It's got 2 assets: a low grade, massive tonnage cu/au/ag play in Mexico and a high grade moly/cu/re deposit in Q'land but as yet no finance to develop either, that's even if they're commercially viable. Only 300m+ shares on issue though so further dilution via placements aren't out of the ball park.
    Good to see the buy side building a bit and sellers being picked off @ 14 today. Base metals on rise as gold is declining atm too, nexus broken?
    Hope they fly for us one day mate.


    beast.



    Please DYOR.
    One day you'll thank me.
 
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