KCN 0.98% $1.55 kingsgate consolidated limited.

November production --> was it really + 5,700 ounces ????, page-22

  1. 1,009 Posts.
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    Your 100% CORRECT ! sneaky.png

    I too think sneaky old Ross is deliberately withholding this, but we often give him too much credit because he could have been buying back a small amount over the last 6 months with the cash they have been blowing elsewhere on Chatree festival carnival etc, etc , especially when we plummeted down to $1.05 on solid volume & they didn't do anything..... So sometimes we give the sleeping Man credit for showing great patience, but the reality is he's just sleeping...

    Problem with Sale of Neuva Esperanza Buyback will be stock price will just jump straight to $2 -> $2.10, just like it did the last time they Sold Neuva Esperanza at the end of 2021, so the buyback will be lucky to get anything below $1.80 -> $2 redface.png

    The buyback will face exactly the same consequences as us.. If they don't do it when shareprice is low & there is uncertainty & low cash, then there is no way it's getting cheap stock when everything is running smooth ! The market is not stupid and will not let them.... There is no easy money or free lunches in todays market is there...

    Anyway, For the rest of us who can't afford to buy anymore because we are already full, here is again some of yesterdays eye candy for you to contemplate over the weekend..

    https://hotcopper.com.au/data/attachments/5802/5802407-61d984fa64d02ef16c26f687e7336eff.jpg

    Record Production in November : There is no way they could have reached 27,000 ounces at the AGM on 30th November without booming up to around 1,250 ounces a week for the last 4 weekly pours in November because we know the first November 2nd pour was around 750 ounces..

    So we are waiting for announcement of + 5,750 + yesterdays pour which if continued this solid increase of higher grade Ore could have also been 1,250 ounces = 7,000 ounces eek.png

    These are Game changing numbers...

    These are we should already be at $2 numbers...

    7,000 Ounces x Current Aussie Dollar $3,100 is $21,700,000 (plus add a couple of million on top for Silver sales Too )

    Considering there is only around 3 weeks to finish Plant #1, i think it's safe to conclude we have done it ! We have successfully completed total refurbishment of both plants using stockpiled ORE & the higher grade ORE games have begun. smile.png

    As Oldfolk said yesterday ! It's time for BOOM BOOM VIDEO !!! Let's BLOW SOME $HIT up by detonating all those Eproc T45 blast holes that have been filled with explosives !! and finally put some lipstick on this pig !

    Just 1 Eproc T45 drill rig had already drilled and loaded with explosives over 250 holes as at last month, so with 4 new Drills being run overtime these past few weeks we can assume the Blast is Going to be MONUMENTAL !!


    https://hotcopper.com.au/data/attachments/5802/5802481-dcf7e4960a780af09c6cc2eaaaa5660f.jpg



 
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