On the face of it it looks like Mr Phillips (common to both transactions)
is simply moving holdings in KRM from one entity to another for whatever
reasons.(this would account for the 'no consideration" transfer)
It is interesting that Advanced Concept Holdings has sold a sizeable parcel in MML
on market two weeks ago. The company is located in the British Virgin Islands.
We should have an ann soon indicating which entity now owns these shares.
These transactions have occurred shortly after the Qtr ann which means that all
the price sensitive info is already out there and as such does not impede this
type of transaction.
The drop in Aus interest rates will keep downward pressure on the AUD and
with costs located in Indonesia, and increase in the POG AUD is going to benefit
KRM's bottom line irrespective of the POG in $USD.
Mr Phillips has a long term employment contract with KRM at the mine site
as an UG narrow vein mining consultant. This is his specialty and he already owns a substantial holding
in the company. He developed both MML & KRM from scratch.
MM
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- Ann: Change of Director's Interest Notice
Ann: Change of Director's Interest Notice, page-3
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Last
3.7¢ |
Change
-0.001(2.63%) |
Mkt cap ! $26.37M |
Open | High | Low | Value | Volume |
3.7¢ | 3.7¢ | 3.3¢ | $61.81K | 1.793M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 1000000 | 3.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.7¢ | 64998 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 172188 | 0.050 |
2 | 577777 | 0.045 |
1 | 50000 | 0.044 |
1 | 100000 | 0.041 |
1 | 625000 | 0.040 |
Price($) | Vol. | No. |
---|---|---|
0.051 | 58535 | 1 |
0.052 | 55000 | 1 |
0.054 | 305000 | 2 |
0.055 | 220000 | 2 |
0.058 | 85800 | 1 |
Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
KRM (ASX) Chart |