KRM 11.8% 3.8¢ kingsrose mining limited

what on earth?, page-6

  1. 7,501 Posts.
    lightbulb Created with Sketch. 165
    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
 
watchlist Created with Sketch. Add KRM (ASX) to my watchlist
(20min delay)
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
Last trade - 11.58am 28/11/2024 (20 minute delay) ?
KRM (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.