Kincora Copper Ltd V.KCC

Little Support

[BueBoy]

I took some more yesterday but there really is little support here. My thinking was the stock has to be supported at 20c or the ASX won't hapen, but management and their advisors seem to have retreated to their bunkers. 

Where are all these outstanding assays from bits of previouly drilled holes they were waiting for? Hole 7 which was stated as pending on the release 2 weeks ago was drilled in October. Can someone with better knowledge than me explain to why so long when assays for later holes have been released? The investor fear is they show nothing to report and yet Sam says in his recent interviews they have a phorpory "by the tail."

[Chipshot2]

My thinking at this point is that until Kincora can make the announcement on the ASX listing, nothing will happen with the share price. What is the point of releasing assay results, good, poor or indifferent, into this market? It looks to me that the seller is constantly lurking to ensure the share price does not climb above $.20  I had thought, hoped, that the share price would not drop

[BueBoy]

Interesting comments, but I don't fully agree. Any firm indicate of a significant find would materially increase the share price in any market. Sam is very bullish in interviews and has himself given examples of how positive assays have transformed share prices in other stocks. I would have hoped that given the pending IPO he would look to increase the share price and dilute as little as

[Chipshot2]

A positive assay may inspire a few buyers but the seller just steps aside until the upside momentum subsides and then they hit what bid remains and walk the price right back down to what they want. I've seen it happen before. It still amazes me that a small company like Kincora has their stock so heavily manipulated. I will reiterate, either go forward with the ASX lsiting and price the IPO

[Chipshot2]

There we have it, a closing price and bid of $.20. I'd like to think that sets things up for news on Monday.......?

[EnglishBay]

It's worth emailing Sam Spring occasionally on some of these questions. He is usually very responsive and frank. I may reach out soon about "where they're at exactly" on the ASX listing process. I agree it's a sticking point at the moment. Anyway, don't be shy on that front for general info is all I'm saying.  Completing the listing and getting a few more

[EnglishBay]

I just sent Sam an email asking where specifically they are at with the ASX listing and if he can provide any expected timeframes. Will let the board know when I hear something back.