KRM 5.56% 3.4¢ kingsrose mining limited

On the face of it it looks like Mr Phillips (common to both...

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  1. 7,501 Posts.
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    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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Last
3.4¢
Change
-0.002(5.56%)
Mkt cap ! $26.37M
Open High Low Value Volume
3.6¢ 3.6¢ 3.4¢ $16.08K 472.2K

Buyers (Bids)

No. Vol. Price($)
1 144683 3.4¢
 

Sellers (Offers)

Price($) Vol. No.
3.6¢ 157003 2
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Last trade - 16.10pm 27/11/2024 (20 minute delay) ?
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