Kenadyr Mining Corp V.KEN.H

Disappointing

[nomoney]

Enough said...

[sasquatchian]

What do you find disappointing? the drill results. the price action, or lack thereof. or both?

[nomoney]

The lack of appreciation in the stock price.  The drill results were great.  

[netstars]

IMO, this is a case of "sell on the news". JVL.H, which morphed into KEN with a 2 for 1 share consolidation at the end of March, traded between 5 and 15 cents a share. JVL.H shareholders are in for 30 cents a share or less. News like yesterday's creates trading volumes that permit them to sell their shares for a 33 to 50% profit. 1.3 million shares traded. There is lots of buying

[nomoney]

I understand that but there have been plenty of high or decent volume days that they could have exited at a much higher price.  Withvthese kind of results you would think they would want to hold and let it appreciate before exiting.  Obviously not though!

[lakebluff]

I am not a shareholder to date but seriously looking at this one......The last two drill results are excellent.    Part of share price reaction to results is simply the market...... I am wondering if part of the problem is also the location of drilling site i.e. Country.   I am not familiar with government and it's stability however, the county is struggling

[nomoney]

I was thinking the same thing, the location might be an issue.   The market could be part of the issue but look what nrg did on Monday when they released their results and they closed near their 52 week high the day prior to results... thus making a new 52 week high.  Kenadyr on the other hand was starting out very close to their 52 week low.  Someone is definitely hammering it

[PositionTrade]

I think the main problem is in the market (seasonal?), not in the company. Take a look at TSX Venture Index: it is in a bearish season and a mid-term down trend now!  Especially for junior miners.  We are in a Summer doldrums.

[nomoney]

That may mean that a stock doesn't go up like it would in a gold bull but it should have at least been able to move up to the mid .50's.  Look at what nrg is doing with their good results.  I think net's right when he says that old shareholders are dumping plus maybe insiders.  This just doesn't add up.ll