You've clearly been through the mill on this one. Feeling weary and wary about KAS.
I had a keen eye on KAS in 2010 too; but my funds were commited elsewhere.
Yes during that exciting year I got into speculative mining stocks too; very grateful for the ones I sold on, and sad about the one's I had too much faith in, and held while they turned to dust.
I kept an eye on the market. In the last two years several beaten up resource stocks have come back to life. Come up from fractions of a penny. And I'm very grateful for that chance to recoup and profit.
There's a cycle with spec mining stocks. The sector is warming up.
And, with each individual stock, the initial excitement about the resource being assayed (often in tandem with high prices), the back of the envelope calculations, drives up the SP by many multiples, before the realisation sets in that with high CAPEX and operations development, profits are often years away.
But eventually, some hard work gets done. And if the resource, the location, the demand, is all good, and debt/dilution is not crazy, they'll come back into play.
KAS has put in some time since 2010. I think it's fundamentally sound. The time to buy is at the point of maximum SP misery - feels like it here.
OK, downside, if nothing happens this year, my holding might continue on trend and gradually drift down half a cent per share. I loose half and cut.
If things do happen, as promised by management, 3 cents, 6 cents is not at all hard to imagine.
Try getting a 500% gain in a Blue Chip EFT....
Nor is 12 c, or even 24 c out of the question, eventually. After all, you guys once bought in at 33c.
I've done a number of these beaten up beauties in the last 18 months. It can be bit of a red or black punt, but with the upside far outweighing the downside.
OK, now the rest is up to KAS management. Get this beautiful baby moving.
KAS Price at posting:
1.2¢ Sentiment: Buy Disclosure: Held
