KRM 2.94% 3.3¢ kingsrose mining limited

Hi Andy and All, Thank you for your informative post and...

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  1. 7,501 Posts.
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    Hi Andy and All,

    Thank you for your informative post and interesting thoughts on the POG.
    The POG in AUD is still $1340 which leaves a generous margin for KRM.

    I note with interest that some others are bullish on gold too.
    An investor has bought over 5% of NCM ($300 mil +) over the
    past month as per NCM's ASX ann yesterday which may be
    the start of a buying run by value investors on gold miners.

    There's only a week left until the AGM and my guess is that the ann
    re ramp-up which should have been announced mid October will
    be announced next Monday to lift the SP in time for the AGM. It will
    likely have the OCT production figure as well.

    A plant throughput in excess of 10K tons for Oct would indicate that ramp-up
    to 140k ton/yr rate had been hit in mid Oct as expected and, if so, then one has to ask
    why it was not announced already?

    The lack of announcement indicating that the plant had hit the 140k/year throughput
    rate together with the drop in the POG from $1390 AUD to $1340 AUD has seen the SP
    drop from 41c to its current 35c over the past 3 weeks.

    Lets hope that its all North from here forward.

    Moorookamick
 
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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
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