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Bullboard - Stock Discussion Forum 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... see more

TSX:KNT - Post Discussion

K92 Mining Inc > New theory
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Post by Dale327845 on Apr 05, 2023 10:46am

New theory

Ok, 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.    
Comment by cyber37 on Apr 05, 2023 1:04pm
Well, perhaps sell-out of Tookie Angus – RIP shares could have an impact here but I think it is the lack of direction on progress if any from KNT that is to blame for this cave-in in share price. This company still needs to convince market that it is capable of that 300k + production & is on its’ way to achieve that. Insecure & ignorant existing KNT shareholders run for the hills when ...more  
Comment by ElJ on Apr 05, 2023 6:05pm
With deep respect,                                I would not "blame" anything on Tookie, Peace, ElJ
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