A trip can't be much more than spec play regardless of how good or bad it might look and there are a lot of trips that look much much worse than KGRI The problem right now is that there are so many flippers on the ask all trying to get a quick flip. If they would raise their bids or at least hide them they would have a better chance of getting filled. Right now, there are 5 bids at 54 mil on the ASK. Nice to see that there is no VNDM Market Maker anywhere because their presence is often is accompanied by dilution. See exposed level 2 below:
That being said, I think KGRI has a great chance of running nicely if it gets some kind of news. filing or a widespread rumor and of course decent or high volume... imo