Watso, you should also look at the exchange rate, the Aussie is down quite a bit vs the $US at present and gold priced in $Aus is still at 950. I would say not only are these accumulators getting the stock cheap but they are mostly OS companies and are benefiting from the weaker $Aus at the same time. KCN sells it's gold in $US but reports sales/proit in $Aus, I wonder how changes in the exchange rate affect the bottom line?
gold price down. think kcn, page-26
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Last
$1.26 |
Change
-0.005(0.40%) |
Mkt cap ! $326.0M | |||
| Open | High | Low | Value | Volume |
| $1.25 | $1.27 | $1.24 | $156.4K | 124.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 29575 | $1.25 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.26 | 3265 | 2 |
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| Last trade - 12.13pm 06/09/2024 (20 minute delay) ? |
| KCN (ASX) Chart |