KRM 2.94% 3.3¢ kingsrose mining limited

There seems to be a lack of bids on the buy side rather than...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 7,501 Posts.
    lightbulb Created with Sketch. 165
    There seems to be a lack of bids on the buy side rather than abnormal selling
    pressure.

    On the seller side there are only 80K odd on offer between 85c and
    yesterday's close of 91.5c. The last communication I've had with KRM
    indicated that the Co was looking forward to the recommencement
    of mining at Talang Santo as per previous ann.

    The stock is quite illiquid so a shareholder of say 200K shares getting
    out could have caused today's drop.

    The river fatality, as per the ann, had nothing to do with KRM, yet it sent
    the SP down by 10c and the SP since then has had difficulty in recovering.

    As previously posted, IMO, the fundamentals look OK provided that things
    get back to normal by Mar 2013 as per KRM's ann. The only thing that could impact on this is a black swan event in the interim.

    With kind regards
    Moorookamick


 
watchlist Created with Sketch. Add KRM (ASX) to my watchlist
(20min delay)
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
View Market Depth
Last trade - 16.10pm 22/11/2024 (20 minute delay) ?
KRM (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.