KRM 5.56% 3.4¢ kingsrose mining limited

I think there is much reason for the poor stock price...

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  1. 444 Posts.
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    I think there is much reason for the poor stock price performance for KRM given they almost went into receivership. However, the underlying fundamentals are comforting. They mine modest amounts but still generate positive cash flows in the last two quarters. They also are now in net cash position. I think at such a ridiculously low price of 7c again, this is going to be a good price to go in. Might not look back in two years' time when they further develop their mines to also go underground. High grade gold and silver in the rock. In Australia, very hard to find such grades. Yes, Indonesia is a high risk jurisdiction. Still, worth a punt!
 
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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) ?
KRM (ASX) Chart
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