KCN 7.03% $1.37 kingsgate consolidated limited.

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  1. 159 Posts.
    lightbulb Created with Sketch. 257
    You want to learn? Ok, I'll teach you.

    The company said 103,000 ounces in 2024. They might get 53,000.
    The company said they would start mining in September but when they said that they meant 2023 and not 2024
    The company said they put some high grade though to boost production. By high grade, did they mean 0.39g/t
    The company said the sale of NE was soon, years ago
    The company lied to the market when a shock production figure was released. They know what they are producing and don't question a significant increase despite the same low-grade stockpile going through the plant. They don't release a statement to fix the lie. Perhaps due to a bonus being paid. A bonus that was paid because we negotiated so value back from an asset that was illegally taken.

    On this, if it was for reduced salaries they should say that "back pay." But to get 150m of incentives that other companies can get too is bullshit. The case was won when they took the mine, illegally. Managment deserve zero for this. Also, shareholders accrue this benefit over 8 years. Why do management get it up front?

    The company lied to shareholders and Taurus when they took the loan from the pred shareholder. What ASX company thinks nearly running out of money and taking a loan is not price sensitive. Ross and Jamie do.

    The company let Fletcher morgan spin them and didn't seek finance as a backup plan if the deal fell through. This lost us 6 months and probably 30 million dollars in options and warrants. This is their job; this is where they earn their bonus. Or in this case not.

    Spent $14m on what in Thailand over all those years. Take a flight over. Kick some ass and be a manager. Honestly so useless.
    The company CEO flying to every event in 2023 while we are 8 months behind because she can't priorities

    Maybe Oldfolk, you just like being abused.

    What you are saying - is that, yes, all their excuses are find and lest judge them from the 1/4 when they are good. A year late.

    PS. The first really good quarter will prob only be Jan - Mar 2025

    First lesson. But I dont think you learnt anything...

    Woodfr0mTrees
 
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