The end is near will test work, with KRR to fast track testing...

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18/01/19

17:49

Post #: 37159423
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Originally posted by possum2 ↑

I haven't posted for a while on KRR because there seemed little point.
The market has been savage on the small sector and the nervous nellies who believed all the hype that we were heading for a major crash have all but disappeared.
So the KRR story has to be rebuilt and we start from scratch.
Tony and his crew will be out to prove that KRR can be a robust project going forward. That is why todays announcement is further proof that they are doing whatever is necessary to show prospective joint venture partners that there is a wonderful opportunity for the right company to get involved.
They have to prove that they can get the capex down substantially from the last report. They also have to prove that the payback period will be so enticing that the big boys will be knocking on their door to get involved in this project.
The announcement today will not be clear to most who read it . I am no expert, but what it highlights to me is the company is proving that they can do the job cheaper and more efficiently with this new method.
This will become clearer in the months ahead when scoping studies are released and investors can decide for themselves if this project delivers what we all hope for.
What it currently provides is the opportunity for investors to buy stock at a greatly reduced price to what KRR was fetching back in March of last year. Back then the market was jumping over itself wanting to buy stock between 16c and 19c.
KRR provided a wonderful opportunity to savy investors when they were trading below 1c back in November 2017. The stock rose by 18 times in just a few months.
Very seldom does one get the opportunity to go again, but it would not surprise me if we see KRR trading at those higher levels sometime this year.
Management are hell bent on reducing costs and maximising returns. If you believe they can achieve this, then it might be prudent to tuck some away.

Cheers.

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The end is near will test work, with KRR to fast track testing and this means the SS is just around the corner to be released.

KRR Price at posting: 3.9¢ Sentiment: Buy Disclosure: Held
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(20min delay)
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

No.	Vol.	Price($)
22	6200311	0.009
8	28480304	0.008
5	5799516	0.007
6	5100808	0.006
12	8038888	0.005

Price($)	Vol.	No.
0.010	1100000	2
0.011	2390000	4
0.012	1242985	7
0.013	1846567	8
0.014	972413	7

Last trade - 16.10pm 22/11/2024 (20 minute delay)

KRR (ASX) Chart

The end is near will test work, with KRR to fast track testing...

Top Stories

Dale Gillham's weekly wrap: Sigma-Chemist Warehouse merger creates pharma powerhouse

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

Scientific conference spotlights PYC's work on blindness disease treatment

Panic, paranoia, and gangland politics: HotCopper users react to Dubber's missing $26M

HotCopper Highlights: Your most watched stocks for Week 47, 2024

Sales growth pushes Lovisa's fortunes (and shares) upwards

Week 47 Wrap: HotCopper users' most watched; Brent lifts on Putin's scary letter; RFK dents CSL

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Buyers (Bids)

Sellers (Offers)