KCN 7.82% $1.36 kingsgate consolidated limited.

General discussion, page-4585

  1. 155 Posts.
    lightbulb Created with Sketch. 341
    Cowbell, we are all heavily invested into this share and what Lovegod is saying is we do not want them to make the same mistakes again.
    They are planning to make the same mistake again. They want to JV NE and loans will then be over $250m AUD.
    This is a mistake. The opportunity cost is a buyback of our own stock.
    Jamie DESPERATLY needs another play to keep his job that he does not deserve.

    People are so greedy they want the company to risk it all in South America instead of keeping it simple and work our way to reducing the shares and watching the SP go $2, $3, $4, $5, $6.

    Instead borrow USD 100m at 1.53 and who know what the exchange rate will be when we pay it back 1.25 or 1? How to lose $75m in currency alone.
    NE and Jamie are bad ideas. VERY BAD IDEAS.

    That is the WoodFr0mTrees.
 
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