Normal
I keep averaging down and the price keeps dropping. Sitting bid hit right out the gate this morning for30,000 @ 0.15, price now 0.14. Put another bid in for 20,000 @ 0.135Good update on Monday. More open pittable shallow gold announced at indicated resource level. Using the cash income results that HRZ got from their trial mining at their Boorara project, KWR could hypothetically make substantially more cash than their market capitalisation from contract mining and toll milling of say 2/3rds of the current indicated resource. The grade looks higher than that mined at Boorara. I might try to find some numbers if energetic enough. There's a number of mills accessible from the Menzies gold project location. The project straddles a major sealed road, has mining leases covering the deposits, with water and power sorted.I sent an email query to CEO Ed Turner this a.m, indicating I was sheeting myself that I might have been buying prematurely considering that 20,000,000 shares are to be unleashed from escrow on Mar 18 but he kindly replied immediately to effect that the 20,000,000 shares all belong to Horizon Minerals. The parcel was part of the acquisition cost from 18 months ago for the Menzies and Goongarrie Projects.Turner well knows the disposition of the M.D of Horizon, Jon Price, since Mr Price is also a director of KWR and Mr Turner said he does not believe that there is any intention by HRZ to sell at this time and HRZ is a supportive major shareholder. The other concern I suppose is the possibility of an imminent capital raising, which I didn't ask him about obviously. I think there is also still some money due to HRZ as part of the said acquisition transaction.Yesterday's announcement[ATTACH=full]121092[/ATTACH]
I keep averaging down and the price keeps dropping. Sitting bid hit right out the gate this morning for30,000 @ 0.15, price now 0.14. Put another bid in for 20,000 @ 0.135
Good update on Monday. More open pittable shallow gold announced at indicated resource level. Using the cash income results that HRZ got from their trial mining at their Boorara project, KWR could hypothetically make substantially more cash than their market capitalisation from contract mining and toll milling of say 2/3rds of the current indicated resource. The grade looks higher than that mined at Boorara. I might try to find some numbers if energetic enough. There's a number of mills accessible from the Menzies gold project location. The project straddles a major sealed road, has mining leases covering the deposits, with water and power sorted.
I sent an email query to CEO Ed Turner this a.m, indicating I was sheeting myself that I might have been buying prematurely considering that 20,000,000 shares are to be unleashed from escrow on Mar 18 but he kindly replied immediately to effect that the 20,000,000 shares all belong to Horizon Minerals. The parcel was part of the acquisition cost from 18 months ago for the Menzies and Goongarrie Projects.Turner well knows the disposition of the M.D of Horizon, Jon Price, since Mr Price is also a director of KWR and Mr Turner said he does not believe that there is any intention by HRZ to sell at this time and HRZ is a supportive major shareholder. The other concern I suppose is the possibility of an imminent capital raising, which I didn't ask him about obviously. I think there is also still some money due to HRZ as part of the said acquisition transaction.
Yesterday's announcement
[ATTACH=full]121092[/ATTACH]
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