Good luck with that tracker. What happens to your plan if they announce this imminent purchase mentioned in the recent announcement?
"The Company is currently in negotiations with a third party for the acquisition of another gold project in Central Asia. The negotiations are, at this stage incomplete, but the acquisition is likely to be structured as an option to purchase contingent upon the necessary due diligence. Although the negotiations are well progressed there is still no guarantee that a final agreement will be reached."
Asset prices in the country are at rock bottom prices. That's how they picked up Andash and Aktash so cheaply. The recent turmoil provided an opportunity. Kentor grabbed it. What if this next asset is on similar terms to Aktash? ie. $19 per ounce of gold reserves.
Hope you get stock at lower prices tracker2 because it means I will also be topping up. Current average buy price including rights issue: 10.5c.
KGL Price at posting:
$1.65 Sentiment: Buy Disclosure: Held
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