Frightening reality

I have been holding KCN shares since the price was $3.80, no way I thought today the company would be in this sort of scenario. Its normal that you make money or sometimes you lose money in sharemarket but when a company like this big goes bust you have to realise its time for a change. Hence I voted FOR all the nine resolutions, its about damn time. In a time like this how can you still try to get peoples trust by saying you have a guideline whereas in reality you have none, how can you say that you would want to do a share buy back where you gave zero cash generation capability. I will wait till 30 June and the only gain for me will be some tax deduction by making KCN loss.

Good post Asif. Have you fully read up on MTR and what they propose? MTR have had great success this year so you may want to hold on to your investment if the new board succeed at the EGM.

Check just how much skin in the game directors like Terry Grammer and Chairman Charles Hall have in the game! Also check what major MTR investor Rick Rule has to say about gold mining in 2018.

I and many others I know will reinvest in KCN if that board spill is successful.