I agree that KMK is locked in trading range for now. Hopefully $2.00 holds.

In my opinion, to move out of the range one of two announcements need to be made:

1) An offer to purchase is tabled and the stock takes off to new highs.

2) Permits are received and the they are proceeding on their own and if that happens I think the stock will drop at least temporarily as those who purchased the stock for the potential of the buyout sell their shares.

If nothing happens, we continue to trade in a range but I think the bottom end of the range will drop as weeks go by, hopefully no lower than $1.80.

If scenario 2 does happen it could create a wonderful buying opportunity.

Keep in mind the AGM is this week.

My thoughts.

Chipshot2