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1.89%

27.0¢ king island scheelite limited

I wish I knew mate the thing is we do not know but we have to do...

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Hottin

3,632 Posts.

68

12/06/17

14:20

Post #: 25228275
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Originally posted by bruham ↑

WLF is up to their eyeballs in debt to the money sharks.
The only possible way to save WLF is for the tungsten price to fly.
That way the tungsten mine will make big profits.

If KIS is to do well, but not tomorrow, that means the share price is too high.

The yearly chart doesn't know what to do next, it's confused. (Yearly to your right of screen).
The 2005 chart tells the story of being at the all time high of one dollar forty cents and volume of 180K plus.
Then nothing but down, price and volume.

By looking at your profile, you know what you are doing.
All the best.

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I wish I knew mate the thing is we do not know but we have to do something and buying stock when everyone is selling at the end of FY is a good strategy. I bought KIS, again, because it do not think it's worth 4c, it's worth more.
I think tungsten will recover and looking at the last 12 years tungsten should be somewhere between $30k-$40K/ton.
Good read: http://investingnews.com/daily/reso...nvesting/tungsten-investing/tungsten-outlook/

KIS Price at posting: 3.8¢ Sentiment: Buy Disclosure: Held
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