KMN - Kings Minerals

[imajica]

KMN will list its interest as a reverse takeover of Andaurex

they will be controlling shareholder

TSX stock ticker: AWX

 

[vert]

Has broken previous high of 0.70, can it go on with it?

 

[Sean K]

Hitting more fresh highs.....

Anyone buy this before May??

 

[Sean K]

From the past month of trading; 20 up days, 9 down or sideways. ish. Incredible run.

 

[Sean K]

Had a bit of a pause, expectedly. Just when I bought in.

Shown some buying support the past 2 days closing off its lows which is a good sign. Still, turning over slightly. Would like to see another big day to push it through $0.70. I can see the long term value in this so I'm giving it a pretty long leash. Still would be happier with it continuing to climb exponentially. Still drilling, so hopefully some more good anns to come...

 

[imajica]

current bid vs sell comparison

top 3 bid/sell

bid=250000 vs sell=55000


should see some nice upward movement

 

[GreatPig]

Must be one of Chicken's cappers at work...

GP

 

[imajica]

strong preopen again - looks like this one will be bullish until we get the updated resource estimate from San Anton

they have already defined 11.09 million ounces of gold eq. in Mexico - their updated estimate might be closer to 15 million ounces

drilling at kalman will also prove up a targeted resource of about 40 million tonness at around 1.5% cu eq

 

[Sean K]

strong preopen again - looks like this one will be bullish until we get the updated resource estimate from San Anton

they have already defined 11.09 million ounces of gold eq. in Mexico - their updated estimate might be closer to 15 million ounces

drilling at kalman will also prove up a targeted resource of about 40 million tonness at around 1.5% cu eq

I'm with you on the increased resource estimate imajica. With those last results we'll be looking at something quite spectacular. This has got to be on the radar of the majors looking for large high grade resources to bolt on. Not many other 10 m oz + resources in the world in a mining friendly environment like this.

 

[Sean K]

Consolidating which is good to see. Right where I bought it. Sorry guys, I must have put the breaks on it. Or was that GP?

This is long term good for KMN and represents a possible buying opportunity IMO really.

 

[imajica]

totally agree! should track around these levels for a while and then push ever higher when we receive an upgraded resource estimate for San Anton - I predict a huge re-rating when a JORC compliant resource is defined at Kalman

 

[Caliente]

morning imajica, I picked up my parcel at .675 to give myself a position in Gold asides from the OX.

just ballpark, what timeframe do you think Kalman will be defined?

(ps - fascinating posts on JML! Always a good read ^_^ )

 

[imajica]

Good afternoon Caliente! you have made a wise decision buying into KMN - the fundamentals are just too good

upgraded estimate at San Anton should be announced either before Xmas or just after

I would say a good time frame for a defining of the resource at Kalman would be around January/February

a little patience is required with this one - have a feeling it will emulate Bolnisi Gold's success - their market cap is around 885 million

KMN still has a long way to run - in a years time I could see a realistic share price between $2-3

 

[Sean K]

a little patience is required with this one - have a feeling it will emulate Bolnisi Gold's success - their market cap is around 885 million

KMN still has a long way to run - in a years time I could see a realistic share price between $2-3

The only difference is that BSG have just 3-4 m oz equiv au in the ground. This could have up to 15 m oz au IMO. More upside here at the moment.

(I hold both)

 

[GreatPig]

I must have put the breaks on it. Or was that GP?

I don't think this one was me. I'm already up over 28%.

GP

 

[Sean K]

Bit of resistance at $0.73. Very happy with the consolidation over the past week, but will be more happy for a push on through $0.75.

 

[imajica]

couldn't resist and topped up today. the consolidation at the moment is presenting a huge buying opportunity.

next month we should have an updated resource estimate for San Anton = it has been expanded from 11.09 miilion ounces of gold to a figure much higher - could even eclipse the 15 million ounce mark.

In January/february we should also have a resource estimate for Kalman -

current conservative estimate is around

40 Million tonnes at between 1-2% Cu eq

comparison with CDU rocklands deposit

25 million tonnes @ 1.63% cu eq


CDU's market cap is almost double that of KMN's and they don't have a 51% share in a 15 million ounce gold deposit on the side


DYOR

 

[Sean K]

couldn't resist and topped up today. the consolidation at the moment is presenting a huge buying opportunity.

next month we should have an updated resource estimate for San Anton = it has been expanded from 11.09 miilion ounces of gold to a figure much higher - could even eclipse the 15 million ounce mark.

In January/february we should also have a resource estimate for Kalman -

current conservative estimate is around

40 Million tonnes at between 1-2% Cu eq

comparison with CDU rocklands deposit

25 million tonnes @ 1.63% cu eq

CDU's market cap is almost double that of KMN's and they don't have a 51% share in a 15 million ounce gold deposit on the side
DYOR

Long term good call mate, even if there is any short term weakness it's going to be very, very valuable in 1-2 years. The chart is starting to show a very bullish flag to me. (It's almost an ascending triangle) Good sign. Personally will be in for more when the uptrend continues. (Could be argued that it hasn't really stopped) Signal will probably be when the MACD turns, or break through $0.73. MACD should probably start converging on the up just before that happens, unless it happens in a couple of hours....

I hadn't really considered the cu deposit in making my decision on this stock. The gold is enough for me. Will have to look into that in more detail...

 

[imajica]

kennas the deposit near Mt Isa has the potential to be a monster - more holes need to be drilled to fully determine the extent of the mineralisation - will either be as big or bigger than rocklands with a more favourable strip ratio

 

[GreatPig]

I got a sell signal for this yesterday and am out today at 69 cents.

Visually I think it's showing signs of temporary weakness and has strong RSI divergence.

I'll keep an eye on it though and see what develops. Expect it to be breaking $1 next week

Cheers,
GP