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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

Comment by Treemoneyon Dec 11, 2020 2:10pm
144 Views
Post# 32089713

RE:RE:what is a bit surprising is very little volume

RE:RE:what is a bit surprising is very little volume

Probably just MM's having their fun. Short % was at a low, probably climbing and abusing the low volume. Daily volume still ~1/2 of what it was back in september.

Like it or not K92 does have a relatively high premium given the geopolitical risk, moves above 8 are unlikely without more news of business development and certainty. Especially given that the purchase range for Institutions in the last round of purchasing in late November was ~$7 - $7.5.

Aint no sweat off an investors back. Normal and to be expected volatility.

 

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