bigger picture vs fundamentals, page-2

gold still 26% up since a year ago at US$1630/oz, so its come off a high, which is no real surprise. Funny that none of the miners had really reacted to the gold price rise, yet get hammered because of fear. POG seesm to be flattening, if hold then IMO kmc must be a screaming buy at these prices! good team, good resources, cash flowing (the only question is the $35m loan facility - why no expnantion when the info seemd to suggest a $20m one was being contemplated) However at good rates and locked in ones, why not take some leverage - has to be a better ROE to shareholders rather than dilution by a CR.