I realise there is a lot of exploration companies that have suffered over the last 12-36 months but I think this one takes the cake for disappointed share holders in my view
KSN raised money at 20c , dropped to about 12c in the first year of listing and then gradually declined thereafter
In the last 12 month period id did get a bit warm for a month or so and had a high of 18.5 cents.
It sits on some very promising land some under a JV , some 100% owned almost all of which is in South Australia, yet now the most recent trades after tax season selling ended is at 2 cents , a 90% fall in less than 9 months on basically no bad news.
A listed company with current leases , cash in the bank , and no debt surely should be worth more than $1.5 million
Be interested to hear other views why it has dropped so far and taken so long to find a new MD
KSN Price at posting:
2.0¢ Sentiment: Buy Disclosure: Held
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