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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 Feb 11, 2021 2:22pm
135 Views
Post# 32542793

RE:RE:they are trying to shake the tree

RE:RE:they are trying to shake the treeI think history helps provide context.

Weekly chart pull backs from new highs before bottoming:
April 2018 - 25% pull back
April 2019 - 17% pull back
May 2019 - 19% pull back
Aug 2019 - 25% pull back
May 2020 - 17% pull back
Aug 2020 - 15% pull back
This week - 12% pull back

Its easy to get wrapped up in the sub daily charts, but there's nothing explicitly bearish on the longer lookout, just a lot of noise on shorter term charts. Imo this is no big deal unless you got caught ATH with only the intention to day trade.

Over the next month i think it wouldn't be unreasonable to be mentally prepared for more pain, but for all who read, if you were bullish the stock just remember the fundamentals haven't changed and these dips always present a buying opportunity. 
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