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.

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K92 Mining Inc > my opinion re:financing

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Post by BlindBoyon Jun 13, 2022 9:55am

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Post# 34751549

my opinion re:financing

I'm a bit surprised with this development (the bought deal), but I'm not unhappy about it.
For those who might complain about stock "dilution", consider that this financing is priced near the top end of the trading range for 2022.

Since the beginning of 2022, there was ample opportunity to push through a financing at prices $2 or $3 lower than the pricing of this bought deal, which would have been a fair bit more dilutive.

I view this as a win-win financing.

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From now on, dynaCERT instead of Bitcoin or NVIDIA?