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Bullboard - Stock Discussion Forum K92 Mining Inc. T.KNT

Alternate Symbol(s):  KNTNF

K92 Mining Inc owns and operates the high-grade Kainantu Gold Mine in Papua New Guinea which is currently operating at a design annualized production rate of approximately 120,000 oz AuEq per annum and is expected to produce at a run-rate of +300,000 oz AuEq per annum following its Stage 3 Expansion.

TSX:KNT - Post Discussion

K92 Mining Inc. > Institutional Money
View:
Post by Monctonguy on Jul 28, 2020 11:15am

Institutional Money

The institutional money (ie; BMO) were on the conference call this am. There were about 8 insitutional guys who called in and and unknown number who were on the call, but only listened. Having listened to it fully I can tell you that eachj and every analysist who called in had nothing but praise and upbeat words to say. Institutional money is not like retail money and like most who are on this bull board. Upon careful analysis, these institutional guys gather withyin their own organizations and have heavy discussions about making an investment or cutting back. And they dont buy 50 or 100K worth. They load up, usually for a longterm play (not and in and out day-trader type) and purchase millions worth, sometimes 10's of millions. So, give this stock the better part of the next week or two and you will see the stock aggrevisely ramping up as the insitutional money bgins to pour in. As the stock gets eaten up by the weaker hands who sell and the guys who simply cash out from a nice gain, the stock due to limited shares being offered will rise considerably. I see KNT trading at $7-9 over the next 30 days. IMHO
Comment by alfino on Jul 28, 2020 11:23am
I belive the instituition money is already coming in.. much heavier than average volume today can't be attributed all to retail
Comment by MikeyD1 on Jul 28, 2020 8:16pm
Lol. I guess I was the unknown number.  Call was very informative.  Love the fact that the feasibility study will potentially look at running both mills simultaneously adding 40-50k oz per annum.  The MRA has supposedly advised the Company to seek license renewal in conjunction with the feasibility study and Lewins indicated that they will be seeking to renew in Q4 2020/Q1 2021 ...more  
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