Kincora Copper Ltd V.KCC

Inital Trading

[EnglishBay]

The TSX price is just following the ASX price around off the IPO.

The one disapointment I had with this IPO from the start was the low pricing at the bare minimum $0.20 level. While now having exposure to a more broad range of investor money on the ASX, the IPO did dilute the current share float - and very very cheaply at $0.20 (~$0.067 pre-split). You would think if managment had more confidence in what they have seen so far they would have lifted the IPO price closer to $0.30. Anyways, demand was very strong at the $0.20 level clearly and I think we're just seeing some very short-term profit taking from some smaller buyers of the IPO. Taking a quick 10-20% profit on their allotment and maybe, or maybe not, looking to buy it back at $0.20. Low hanging fruit at the end of the day.

Looking out longer-term than the day-to-day I think the ASX listing is still a very positive development for the stock. There is still pent up demand to buy on the ASX with a lot of investors waiting/watching the initial volatility and could easily run it back up to $0.30 without any assay results. A lot of people anxious for immediate results and a stock price boom, but this will likely take a couple quarters to get there.

[Chipshot2]

Regarding the IPO being priced at $.20. I believe Sam had his hands tied by whoever it was who started to sell on November 9th and never let his foot off the throat of the share price with 2 exceptions: 1) Just before the share rollback 2) Just before the Prospectus was released. For a week or so before each of these events the share price was allowed to climb north of $.30 but then immediately

[Chipshot2]

For the life of me I don't understand why this entity who sells through Anonymous contines to sell! It is beyond frustrating!! Chip

[martin95833]

I think it's called price-rigging. I believe some part of the government is complicit. You can see it happening across all mining stocks and on the price of metals themselves.

[Chipshot2]

And now today in the premarket we have 133000 shares on the ask below $.25. WTF?

[BueBoy]

Simple reasons. 1. Some holders are tired of waiting for news. 2. The recent raising allowed existing holders to dump stock at 23/24c and replace with new stock  and a warrant at 20c. Why wouldn't you? 

[Chipshot2]

1) If an investor had held on this long why sell now at darn near the low? 2) There were no warrants issued with this IPO and I fully understood selling at $.24 to buy at $.20 on the ASX prior to the IPO but why does it seem to be continuing? Do we have someone still selling to pay for their purchase on the ASX? And I hate to say it but it looks very much like the same seller we have been dealing

[martin95833]

It constantly bemuses me that people think this is some king of honest seller action going on. Who would really spend their time doing anonymous trades that involve under-selling their own initial investment and make nothing but a loss for everyone, including themselves? The writing is on the wall. This stock, like most other miners, is under full naked shorting attack. The culprit? Take your