KCN 0.00% $1.38 kingsgate consolidated limited.

Ann: Chatree Gold Mine Update, page-100

  1. 10,726 Posts.
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    Thirteen months ago investors bought 36.5mil shares @ $1.50 in the Placement & SPP and now here we are on the cusp of operating Plant#1 and moving from a rate of 37.2k ozs produced in the year to 31Mar24 to potentially producing 120k ozs in the year commencing 1Jul24 and the gold price has moved from US$1970 at 31Mar23 to US$2300 currently and yet the share price has only progressed to $1.55 from 13 months ago with the same number of shares on issue - it just doesn't make any sense to me - has everyone lost their head? I suppose all I can do is keep on buying.
    https://hotcopper.com.au/data/attachments/6148/6148825-b62afa980b117462ee597fc7ed694137.jpg
    Don't anyone gazump me in the morning.
 
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