Enter Krakatoa with a new ionic clay rare earths discovery

The market is continuing to demonstrate uncertainty of direction, shown clearly in the sentiment oscillator graph on page two of this Weekly. While individual stocks can move aggressively on good news, the rest of the market is having difficulty in deciding which direction is the true path. So, in the absence of overriding trends, it is very much down to individual stock specifics.

Last Tuesday, Krakatoa Resources (KTA) jumped from 5.8c to a high of 13c, on turnover of 148 million shares, settling at 11.5c at the end of the day. It was all about an ionic clay rare earth discovery revealed in the maiden drilling program at the 100%-owned Mt Clere Project, near Meekatharra in WA. 

 WeeklyComm16April2022.pdf