Post by
Chipshot2 on Feb 19, 2021 11:23am
Where We Are
It has been all quiet on the Kincora front for about a month now.
So without any actual updates from the company, let's examine where I think we are.
1) ASX listing is imminent. I have read that it may happen within 2 to 3 weeks.
2) 2 drills are turning at Trundle with John Holliday narrowing in on the target. (As of the last update on Jan 20 they had started hole number 15. Is it fair to assume they are currently drilling holes 19/20?)
3) We have outstanding assay results from several holes. (I would think if there was anything blockbuster in nature, an announcement would have been made although in an interview on January 27 Sam indicated that they had some "interesting looking" core in the lab)
4) The Mongolian Tax Assessment is still yet to be resolved.
5) The share price has remained pinned at $.20. (give or a take a penny or 2)
6) The price of Copper just crested $4.00.
I am now of the opinion that the next news we will get will be the details on the ASX listing and IPO. We could also hope to see resolution of the tax assessment which would allow Kincora to move forward with the deal with Resilience Mining.
Until then, sit tight, stay safe and healthy.
Chip
Comment by
logisticstrader on Feb 19, 2021 3:23pm
i didn't like the r/s but the price has stabilised, i'm at 24500 looking to accumulate more over time