Ah, it seems the reality of short sellers has finally sunk in. I've been engaging in the same strategy. Whenever the price dips below my anticipated minor retracement level, I seize the opportunity to acquire more shares. As I've often stated, the trajectory of this stock is clear post-quarterly reports and beyond; the company is on an upward trend. Barring an extraterrestrial invasion or a catastrophic asteroid impact, nothing can halt KCN's inevitable ascent, not even a significant solar flare!
My gratitude extends to the short sellers driving the price down, as I would have purchased KCN shares at $1.80 to $1.95 regardless, given they are trading at 45 to 50% below their current value.
The rationale is straightforward. With a modernized mine in operation, enjoying a royalty holiday and government backing, plus over thirty years of mining life ahead, minimal short-term debt, and commodities prices on the rise, I cannot envision a more favorable convergence of circumstances for any other company poised for a significant breakthrough like KCN.
And when KCN reaches the $4 to $5 mark, I'll be here, ready to reap substantial dividends and observe our share buyback until we reach the ideal number of ninety million outstanding shares and my magic price of $8 a share.
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Last
$1.37 |
Change
-0.015(1.08%) |
Mkt cap ! $354.4M |
Open | High | Low | Value | Volume |
$1.39 | $1.39 | $1.35 | $379.9K | 278.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 17312 | $1.37 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.38 | 2085 | 10 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
9 | 17312 | 1.365 |
8 | 6021 | 1.360 |
9 | 41433 | 1.355 |
6 | 63879 | 1.350 |
3 | 4147 | 1.345 |
Price($) | Vol. | No. |
---|---|---|
1.375 | 2085 | 10 |
1.380 | 2546 | 1 |
1.385 | 15946 | 4 |
1.390 | 15740 | 2 |
1.395 | 2020 | 1 |
Last trade - 14.36pm 03/10/2024 (20 minute delay) ? |
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KCN (ASX) Chart |