KCN 0.97% $1.57 kingsgate consolidated limited.

$1.18 gives us a tiny market cap of just $253 million - some thoughts

  1. 831 Posts.
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    1: The LoveGod believes a long term holder may have simply had a strategy whereby they would take profit once the Mining licence were granted - (sell the positive news). Jan 19th--- The unfortunate thing was the TDG sale fell through the same day, so instead of having the stability of fresh buyers who were investing for the re-opening future to take the other side of their selling trade, those buyers have held back as the financial situation is yet to be resolved.

    2: Punter's like Twitter clown Unemon One did have substantial stakes & it's clear he was getting out also & most likely all his 11,000 followers punting along like little sheep behind him.

    3: The longterm holder getting out would simply say to his broker each morning ; "you have X number of shares to sell each day @ market " -- the price is irrelevant as they have probably been long-term holders with cost prices in the 30-40c region. Their decision doesn't change from day to day & isn't based on what the daily price is or what the Gold price is doing. --- they have just made their decision in advance.

    ** So... it's just a bump in the road long-term.
    ** So... Ross the Boss will get Funding eventually and the long-term investors will come in once he announces this, i think we can all understand this. This will clean up all the remaining selling from whoever the profit taker is..

    NEXT: we then have a clear pathway to production once funded ! The only people left are long-term Jacuzzi laying Dividend accepting LoveGod's of this world..

    $253 Million market cap is tinny, that's all we need to focus on whenever you panic & want to sell, we have 2 big processing plant's that would cost more than that to build!

    We have a 13 year dividend paying history.

    We have technical Experts on the Ground in Thailand who can Run things & have been doing so successfully for 17 years!

    It's always darkest before dawn, it's always a flushout before a rally..

    Nothing but blue sky's ahead........ What about if Ross the Boss surprises the market with a Neuva Esperanza sale and suddenly the cash position goes from zero to HERO! HERO! from Zero!


 
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