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K92 Mining Inc T.KNT

Alternate Symbol(s):  KNTNF

K92 Mining Inc. is a Canada-based company, which is engaged in the production of gold, copper and silver at the Kainantu Gold Mine in the Eastern Highlands province of Papua New Guinea, as well as exploration and development of mineral deposits in the immediate vicinity of the mine, including Blue Lake, in Papua New Guinea. The Company holds the mining rights to Mining Lease 150 (ML 150). Within and surrounding ML 150 is an epithermal vein field consisting of multiple known and highly prospective vein systems: Kora, Irumafimpa, Karempe, Judd, Kora South, Judd South, Mati, Maniape and Arakompa. Mining is focused on the Kora vein system, consisting of two dominant veins and the Judd vein system consisting of four known veins with one vein being mined. There are multiple near-mine infrastructure targets, within the Kora-Kora South, Judd-Judd South and Karempe vein systems.


TSX:KNT - Post by User

Bullboard Posts
Post by Joseph_Kon Dec 20, 2016 10:38am
315 Views
Post# 25624360

Curious action

Curious actionI can't quite figure this one out.   Is it being faked up so the smart money can unload higher?  Is the smart money actually accumulating it at this price?   Watching the level II and looking at the players it just doesn't make a lot of sense.

It does seem like KNT has totally ignored the last $35/oz drop in gold.   I would have expected to see it in the .70s by now with gold falling and this being the last week of tax loss selling.

It is some curious action in the stock price for sure.    Staying on the sidelines until it becomes clearer.

So many Cartesian Royalty insider sells as well, but the sp just doesn't budge from this range.  

Curious.
Bullboard Posts