Black,
I post this information for your reassurance.. But by all mean trade the stock when you see 5 to 10% profit..
It looks like gold is to recover to $1,350 level short term. KCN shorted position has been rapidly covered from 9%+ in April to 3.6%+ this week.
http://www.igmarkets.com.au/cfd/the-short-report.html
Your entry price at $1.50 is not a worry if I were you. My 1st lot was at $2.9 and averaged down to $1.55 until now.
The group total cash cost including royalty payment is at US $843/Oz as reported in Dec 2012. Chatree cost US$736/Oz ($163 royalty included), and Challenger cost at US$1,026/Oz.
They are cutting 30% cost from challenger to reduce the cash cost below US$800/Oz.
It is clearly KCN is profitable even at US$1,000/Oz
Net assets for equity was at $778mil as reported in Dec 2012. The current expected assets write down for the next quarterly report is $300mil, which still leave $478mil ... nearly two times the current market cap...
The net debts is at $130mil.. They can pay it off within a year cash flow..
Well, you can work out the long term value of KCN then hey... Good luck
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Last
$1.28 |
Change
-0.020(1.54%) |
Mkt cap ! $329.9M |
Open | High | Low | Value | Volume |
$1.30 | $1.35 | $1.27 | $474.3K | 362.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 12202 | $1.28 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.30 | 1774 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 12202 | 1.280 |
1 | 1774 | 1.275 |
4 | 13386 | 1.270 |
1 | 1774 | 1.265 |
3 | 30800 | 1.250 |
Price($) | Vol. | No. |
---|---|---|
1.295 | 1774 | 1 |
1.300 | 11774 | 2 |
1.305 | 1774 | 1 |
1.310 | 151234 | 1 |
1.320 | 10000 | 1 |
Last trade - 16.10pm 11/09/2024 (20 minute delay) ? |
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