Q: Peter and colleagues. First, I want to join the hallelujah chorus in thanking you for your wonderful tutorials and advice. Second, could I please have your opinion of Kelt Resources (KEL)? Thank you, Peter
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Investment Q&A
Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.
Q: Hi Peter & 5i: I made a spec purchase of Kelt Exploration (KEL) very recently, on its first day of public trading. My thinking was just that the successful management team from CLT would probably have spun themselves out a pretty attractive asset base to provide the E&D opportunity for their next project, Kelt that is. The announcement of their bought deal equity financing at $5.55 immediately pushed the stock up over $6 - kind of a rare sequence in the resource area recently. Obviously there is no company history here but can you offer any comments to help fill out my picture a bit? Are there any "typical" patterns in stock movements or other signals to look for with this kind of spun out asset company? Thanks!
Q: Hello 5i, Could you comment on Kelt Exploration Ltd KEL