The Market is valuating KCN today perfectly on performance actually delivered..
The Market is perfectly saying that we will not ever listen to what a clown CEO say's at a conference, we will value it on what is delivered.
Clown at Conference promises 25,000 ounces a quarter , but only delivers 9,700, then stock get's a 40% haircut to reflect reality..
Clown at Conference say's there is pockets of higher grade that will increase production, but then production is still where it was a year ago, then stock get's a 40% haircut to reflect reality.
Look at this 70 yr old who spent 30 years as a secretary before inheriting Lotus Hall from her deceased elderly Australian husband Clown's directors speech where today she has delivered a complete Circus...... Read what she promises versus what she delivered.
Her EXTREME experience delivered:
NO Thai Bank Loan --ZERO NOTHING ! 8 MONTH plant #1 Delay ---8 MONTH DELAYED ! Parts not ordered on- time. Sacked Wayne Schiller , Mr on-time and underbudget because he confronted her, he looked out for shareholders and this little greedy Thai lady made sure Jamie got rid of him --- That's why Jamie needs to step down, he is not strong enough to make the right decisions. PMR 2 month processing delay at the start...It's HER responsibility ! It's why she is paid money to fix problems ! DPIM 2 month signing off delay ... It's HER responsibility ! It's why she is paid money to fix problems !
So reality is, she was totally and utterly USELESS !
Give us back our directors fee's please because you actually delivered ZERO !
The Only thing she delivered was her little 12% loanshark business costing shareholders an extra $1.2 million in interest siphoned into her bulging pockets...
This is another reason why Jamie Gibson is not fit to be CEO as he employs his friends and not the best person for the job... In Addition to his authorizing $500,000 bonuses & $60,000 conference party's when we are financially destitute and blows all his time and our money at conferences like a clown..
Why hasn't Jamie given himself a -20% Salary Cut if he just wasted 20% of his time attending useless conferences ? He is not looking out for shareholders until he gives himself a -20% salary cut to reflect the -40% shareprice value destruction he has just delivered shareholders over the last year and a half whilst Gold prices soured to all time records...
KCN Price at posting:
$1.26 Sentiment: Hold Disclosure: Held
(20min delay)