K92 Mining Inc T.KNT

Alternate Symbol(s): KNTNF

Metals & Mining Gold

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

K92 Mining Inc

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Post by Joseph_Kon Jan 05, 2017 1:09pm

189 Views

Post# 25671055

Still curious

When gold was bottoming it seemed like KNT wasn't being allowed to bottom with the rest of the sector. Then gold spiked up to 1150 on December 30th and KNT jumped to 1.02 before getting beat back down to close at .97.

Here we are a week later, gold has jumped another $30/oz to $1180 and KNT is being held at .96 by the usual suspects.

Since it shouldn't be for the purposes of a cash raise as we are swimming in it, I'm curious about the manipulations. Is it being held in place for some sort of cheap takeover offer?

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