Australia's largest stock trading and investment forum Australia's #1 stock forum

KTA

Click for more information

10.0%

0.9¢ krakatoa resources limited

Yes, Teenbagger, I received some in the placement on Wednesday-...

First 20 Last

Share
Profile

Follow
petersmithlorraine

436 Posts.

13/04/18

10:14

Post #: 32430358
Share

Originally posted by tenbagger67 ↑

One of the brokers who I use contact me earlier about a Placement offer at 3.5 cents. I didn’t receive any stock because they were severely scaled-back and the offer was opened and closed the same day. Now that same broker has access to more of the Placement stock due to some problem with another broker (not KTA).

I think what is happening in the short term with the price of KTA is that someone who has received a large allocation of this 3.5 cents Placement is selling to take a quick profit.

It is either an exisiting share holder selling as he/she is buying back at 3.5 cent or the allocations have been issued.

Once he has sold the price will start heading north.

I could be wrong, but this is my theory on some of the recent price action reading between the lines. Either way hopefully I should now be getting some stock this time at 3.5 cents today.

I am buying because of this other upcoming Cobalt deal Krakatoa has in the works.

Expand

Yes, Teenbagger, I received some in the placement on Wednesday- that is why there is some selling @20% profit. I understand the big Qld seller is out now. The prospects they are looking at are in Africa I think and, if they look good the SP should go higher!

KTA Price at posting: 4.1¢ Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

AXN

Rising demand, China's 'tech war' bans leaves this germanium explorer with significant investment potential

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

Breaking news: New opportunities for investors & companies - HotCopper opens to capital raising!

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

NWC

'Proceeding confidently': New World Resources says latest drill data passes bar towards DFS

There are more pages in this discussion • 5 more messages in this thread...

First 20 Last

Add KTA (ASX) to my watchlist

(20min delay)
Last 0.9¢		Change -0.001(10.0%)		Mkt cap ! $5.665M

Open	High	Low	Value	Volume
1.0¢	1.0¢	0.9¢	$7.117K	783K

Buyers (Bids)

No.	Vol.	Price($)
7	1627781	0.9¢

Sellers (Offers)

Price($)	Vol.	No.
1.0¢	830567	3

View Market Depth

No.	Vol.	Price($)
2	783324	0.010
7	1622326	0.009
15	2189006	0.008
6	1563999	0.007
2	335000	0.006

Price($)	Vol.	No.
0.011	3710716	4
0.012	3334200	3
0.013	300000	1
0.014	560456	2
0.015	89799	2

Last trade - 11.30am 04/12/2024 (20 minute delay)

KTA (ASX) Chart