KRM, in development , is at least 3 years behind MML and of course much smaller. MML's past original major shareholder/director/prospector, Bill Phillips , is now a major shareholder/director of KRM and KRM has poached MML's narrow vein mine manager a year or so ago to manage Way Lingo.
While there is a difference in MML's multiple veins and size vs KRM, KRM is opening a second mine at Talang Santo and possible a third according a recent report by the CEO rather than multiple veins in the main mine ala MML. Whether these multi veins are accessed by a single mine or 3 seperate mines is not of real significence and, argueably, the 3 seperate mines derisks KRM.
Media reports in the past have referred to KRM as a mini Medusa and I attended a presentation last year by KRM in Sydney where these media reports were alluded to and compare/contrast references were made.
And. finally, a diviend at this early stage sets KRM apart from cap raisers
and gives confidence to investors that at least a cap raise is not likely
in the foreseeable future; otherwise they would not have a divvie.
I was a significant MML shareholder while the SP was growing consistently
but sold out @ $6.98 in favour of KRM as a better medium term investment.
With kind regards
Moorookamick
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Last
3.8¢ |
Change
0.004(11.8%) |
Mkt cap ! $26.37M |
Open | High | Low | Value | Volume |
3.6¢ | 3.8¢ | 3.6¢ | $6.25K | 173.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 85699 | 3.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.8¢ | 12500 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
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 - 11.58am 28/11/2024 (20 minute delay) ? |
KRM (ASX) Chart |