Australian (ASX) Stock Market Forum

Reply to thread

KWR held well today considering misery in the rest of the sector. Announcement was just an increase in MRE's for the pits they've modelled at the Menzies Gold Project (MGP). Mineable resources now at 500kozs and 34kozs was added to the Pericles deposit at a cost of $5/oz. They're still looking to sell or jv parts of the MGP.

Anyone who follows KWR will know that the MGP now plays second fiddle to prospects for the Lake Goongarrie project about 40k south of the MGP. Diamond drilling is ongoing at the Lake.


The daily chart is showing a bit of a rounding low effect and momentum indicators have been trending up.


[ATTACH=full]140893[/ATTACH]


[ATTACH]140894[/ATTACH]


Top