Interesting development -- AND ... KNT, like all junior mining companies needs time to crank things up. It appears the future will be very good - starting now and in the first Q 2024. The Stage 3 expansion is important to bring this mine up to world class status and s/b completed in late 2024. The drilling results have also been good to excellent in most cases.
The apparent 1.5 million share acquisition is pointing to 'smart money' seeing future production potential and appreciation in the share price. It will be intersting to see if this triggers or is the beginning of a gradual increase in the price.
At this point the stock is likely undervalued by quite a bite: it will take a bit more time to get into the $9-$12/s range. It is also ikely that before the end of 2024 there will be a takeover bid.
KNT management have been steady and done all the right things so far. Buffet would buy this type of management and stock.