I was musing as I fell asleep last night that the original, Terry Grammar-Chaired / Trevor Dixon-MD'd, Kin Mining picked up the Leonora assets of the then-shipwrecked Navigator Resources - essentially all the bits that Genesis this week stumped $53.5M up for - for the princely sum as I recall of just $2.7M.
Sad to reflect on the numerous stumbles by various managements round these parts over the years, but you'd have to applaud the acumen of the early KIN that saw it step up for such a bargain at what was then a very low ebb in the gold cycle.
Now cashed up and still holding a 932,000oz inventory, mostly I believe in KIN's higher-grade areas - and with plenty of excellent real estate still to explore ...AND in a market where explorers are quite possibly about to play catch-up in 2024 ...
I think we can be more optimistic of the Company's prospects than for many a year.
Wish one and all the very best for the Silly Season.
KIN Price at posting:
6.7¢ Sentiment: Buy Disclosure: Held
