I would just like to share with everyone, the truly exceptional potential of this company.
For all of Lovegod's faults, he is one hundred percent correct that the best thing Kingsgate can do, is to buy back shares with every last cent.
The table below just highlight's the fact that one way or the other we get to $5 or more per share. It is possible for us to make AUD $100m profit per year as we are tax free. The lower the share price the more shares we can buy back. It is just that simple. Eventually our earnings per share are so high we reach that $5 a share or more. It's just a matter of time.
I also need to highlight that if we start getting creative and buying other mines or developing other mines, everything can get confusing and it all sounds great but you can end up with a far inferior outcome.
I make no secrets that I believe we need to keep things very simple and bank the profit that is on the way. I do not believe we need to put it into other assets. This one is big enough. Let's get that 30 year plus life of mine. Let's get the share registry to under 200m shares. Lets aim for 175m shares. Let's get this share price to $5.
With a share registry of 175m and profit of Aud$100m we are $0.57 profit per year.
Can you imagine.
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Last
$2.42 |
Change
0.030(1.26%) |
Mkt cap ! $623.7M | |||
| Open | High | Low | Value | Volume |
| $2.40 | $2.45 | $2.37 | $1.741M | 722.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2314 | $2.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.44 | 5000 | 1 |
View Market Depth
| Last trade - 16.10pm 04/07/2025 (20 minute delay) ? |
| KCN (ASX) Chart |