Hey there,
We've never actually recommended Kiplin to our Premium members as we don't recommend penny stocks. Far too much risk and volatility. As an exploration mining company, there are much greater risks as well. Many pre-production companies will never end up putting shovel to ground as they either run out of capital or the economic viability of the mine is just no longer worth it. It decades years and could even take a decade to complete all other required technical analysis, permitting, and construction before a first ounce of metal is mined. Kiplin has a few interesting properties but once again, are years away from production (if they every get there).
This requires significant cash and for a company that is generating zero revenue they have two ways to raise cash, debt and share offerings. In this environment of high rates, microcaps (not just kiplin) have been decimated as investors flock to safety. I wouldn't expect much action with these types of stocks unless there is major discovery or rates start to stabilize (which we may not see until 2025). When times are good, these types of stocks do very well and can post huge gains but when there is uncertainty, they are the first to drop.
Likewise, with rates higher for longer it also more expensive for exploration companies like Kiplin to borrow which will likely result in further share dilution through share offerings (which is normal - but I'd expect more than usual with Rates this high). What you do with that is up to your own risk tolerance but i'd plan for longer turnaround time.
Mat