Triple the price of just over a year ago. Has held relatively well in a very tough environment. Volumes have been low for a while. My concern at this stage is the selling of stock by MVH. They have been a strong factor in recent shareprice weakness. Now with less than 5% holdings we just dont know whether they are selling or not and as of the 15th Feb still had 12.5mill shares. The question is, are they going to try and suppress the price till option expiry and if so, why?
With some good announcements before end of June think we will see some appreciation in KSX leading up to then subject to market jitters eminating out of the US.
KSX Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held