KRM 2.94% 3.3¢ kingsrose mining limited

Ann: Independent Review Highlights High Potential of Talang Santo-KRM.AX, page-5

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 1,036 Posts.
    lightbulb Created with Sketch. 382
    For me, the key in this announcement is the following line:

    “Importantly, it also highlights that Talang Santo’s true value can be unlocked by implementing some relatively standard Australian operating practices”.

    That to me suggests that the water issue can be solved at a cost that makes economic sense. An alternative outcome of this review could have been Mining Plus saying “Yes, the orebody is great, but it will cost you so much to get access to it that you may as well leave it until the POG is substantially higher”. The fear of such an outcome may be what pushed the SP to below cap raising levels over the past few days.

    IMHO+DYOR
 
watchlist Created with Sketch. Add KRM (ASX) to my watchlist
(20min delay)
Last
3.3¢
Change
-0.001(2.94%)
Mkt cap ! $26.37M
Open High Low Value Volume
3.5¢ 3.5¢ 3.3¢ $6.507K 193.2K

Buyers (Bids)

No. Vol. Price($)
3 320000 3.2¢
 

Sellers (Offers)

Price($) Vol. No.
3.3¢ 151333 1
View Market Depth
Last trade - 16.10pm 22/11/2024 (20 minute delay) ?
KRM (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.