Post by
Chipshot2 on Feb 28, 2021 9:21am
Share Price Heading Higher
At the start of last week I said that maybe I was asking too much to see $.30 before week's end but what do you know, Kincora got there.
In the interview that John Holliday did, (thanks for posting wawahunt2), he spoke on a number of topics but right at the end of the interview he adds that the market should expect to see the prospectus for the ASX IPO in a fortnight.
That indicates to me that we will trade for another week or so prior to seeing the details of the ASX listing.
It will be interesting to see if the price consolidates in the $.30 region or if the price heads higher for another week, maybe getting to $.40 ahead of the IPO.
Also of note in the interview with John, he is asked by the host to comment on why Kincora's market cap is valued so low especially vs many of it's peers that are having far less success with the drill.
I think it all comes down to what price Kincora wants to set for the IPO and if they feel they need to discount the price somewhat from where it is trading on the Venture. ($.30 is exactly the same as the last PP)
Just my personal opinion, but I think Kincora could have a market cap of approximately $50M once they are up and trading on the ASX. Strong assay results would add from there.
Let's hope we all enjoy the next few weeks ahead.
Chip