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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

Post by Dale327845on Apr 05, 2023 10:46am
299 Views
Post# 35380957

New theory

New theoryOk, I am going to try and come up with a new theory that might explain K92's abnormal share price action, every day.  A new theory every day, but also , yes, K92 has been abnormal every day since March 27.  Until then K92 share price was tracking gold price and GDXj price as it usually does.  But then it uncoupled, and even as gold surged, and GDXj went up , K92 share price has floundered.  So what happened on March 27?   Well, that was the day Tookie Angus, the Chairman of K92 died.  Coincidence?  Perhaps, even probably.  I don't know much about Tookie but it doesn't seem a chairman would have that much impact on a company, not in the short term anyway.  But he would have had mega shares in K92, so are they being cashed out, and quicky?  Doesn't seem his estate could do that so quickly, but perhaps with trusts and so on they could.  Just today's theory.    
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