Hi once again all,
Let’s all hope this 16% share price rise turnaround is the start of good things at last; I hope this energizes the management and that they deliver the production figures as promised.
As it now appears the company can deliver the increased ore to the plant this may be an opportune time to consider spending the $2 M to upgrade the plants throughput. After all $2 M is only a very small number when you consider the 16% increase in company value achieved in just 24 hours.
I have a feeling we may have seen the bottom in the Gold price if this is indeed the case then KRM will be well positioned to capitalise on this situation. Below are a couple of links and further thoughts on mine that may have a bearing on Gold and good Gold mining companies.
http://blog.smartmoneytrackerpremiu...ext-3-4-weeks-possible-final-low-in-gold.html
I think the US government had something of a surprise this week by delaying the Chinese entry into the Special Drawing Rights club they didn’t expect a kick in the Orchestra Stalls by way of their currency devalue and subsequent strengthening of the US dollar. Possibly the school yard bully will need to think about retaliation in the future; as we know pay back’s a bitch!
I also noticed the notable Gold fan John Paulson has started cashing in on his numerous property and land dealings. A smart operator like that might start buying up Gold positions if this is truly the bottom for the Gold price he may do as well as quadrupling his bet on real estate!
http://www.bloomberg.com/news/artic...rts-selling-land-to-reap-gains-in-u-s-housing
After much of my recent constructive criticism of this company’s management team I feel they now have a wonderful opportunity to prove to shareholders they can deliver decent production ounces into what I feel will be an improving market.
Good luck to all shareholders, management, miners and associated staff of KRM.
Cheers and very best regards: Andy
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Last
3.7¢ |
Change
-0.001(2.63%) |
Mkt cap ! $26.37M |
Open | High | Low | Value | Volume |
3.7¢ | 3.7¢ | 3.3¢ | $61.81K | 1.793M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 1000000 | 3.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.7¢ | 64998 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 172188 | 0.050 |
2 | 577777 | 0.045 |
1 | 50000 | 0.044 |
1 | 100000 | 0.041 |
1 | 625000 | 0.040 |
Price($) | Vol. | No. |
---|---|---|
0.051 | 58535 | 1 |
0.052 | 55000 | 1 |
0.054 | 305000 | 2 |
0.055 | 220000 | 2 |
0.058 | 85800 | 1 |
Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
KRM (ASX) Chart |