Kincora Copper Ltd V.KCC

One Puzzle Piece in Place

[Chipshot2]

News just released regarding the share rollback.

1 new for 3 old as approved at the AGM

https://www.stockwatch.com/News/Item?bid=Z-C:KCC-3013285&symbol=KCC&region=C

[martin95833]

Reverse split? Not good IMHO. Hopefully I'm wrong.

[BueBoy]

That's what it is, 1 for 3.  They can't list on the ASX at less than A20c so won't risk delaying in case the share price does not rise to that level pre listing. Fortunately though the CAD$ and AUS$ are close to parity at present. The upside is there will definitely be more interest in the stock on the ASX.   

[Chipshot2]

The reverse split has been a known factor for some time now and from my standpoint has been baked into the share price for some time now.

[EnglishBay]

Yes the split here is not a bad thing. A necessary action to get listed on the ASX - which is ultimately a positive development since it gives access to a whole new market of buyers for the stock.  Just fyi - The split goes into effect tomorrow morning (Friday), so your share count will get divided in 3 and the stock price will open at $0.33, based on today’s close. The % change of the stock

[Chipshot2]

With 2 drills working the property they will be making great progress. Before the holiday break I believe they had a good start on Hole 13. The second drill would start on Hole 14. I think we will get all results that are outstanding in the next 2 weeks, before the ASX listing, and then the results from Holes 13, 14 and more could be released at or around the time of the listing as you suggest