Agreed regarding the acquisitions. Those were made in a rising gold environment and then flopped when gold flopped (I became a KCN holder due to them buying DOM). There were many failed or close to failed miners back then. I remember selling my Saracen at 10c (panic sold: poor decision). Troy I sold at $5 before it flopped to almost nothing (the only one I got out of completely unscathed). KCN I sold at around $6 back then. The thing is Chatree itself was never an issue as far as being able to run profitably. And I believe that will continue to be the case provided the bureaucrats play ball (which I think they will now).
Ann: Chatree Gold Mine August Production Update, page-42
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Last
$1.56 |
Change
-0.025(1.58%) |
Mkt cap ! $400.8M | |||
| Open | High | Low | Value | Volume |
| $1.56 | $1.58 | $1.53 | $673.0K | 433.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2463 | $1.56 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.57 | 2590 | 1 |
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| KCN (ASX) Chart |