Watching the screen, as buyers appear on the stock trying to buy a bargain, sellers are hitting the purchaser.
The market is betting that The KIS mine in tasmania will not happen, the market cap is next to nothing.
It would be interesting to know, let's say for whatever reasons the current management can't achieve funding and feel there may be some sort of mining risk to put their own money in
What is the project worth to another company with the funding to complete? The Current Capitalisation with no debt is approximately $ 8 million
Is it worth 5 * this? or more? An interesting discussion!!!
KIS Price at posting:
9.7¢ Sentiment: Buy Disclosure: Held