Ah, it seems the reality of short sellers has finally sunk in. I've been engaging in the same strategy. Whenever the price dips below my anticipated minor retracement level, I seize the opportunity to acquire more shares. As I've often stated, the trajectory of this stock is clear post-quarterly reports and beyond; the company is on an upward trend. Barring an extraterrestrial invasion or a catastrophic asteroid impact, nothing can halt KCN's inevitable ascent, not even a significant solar flare!
My gratitude extends to the short sellers driving the price down, as I would have purchased KCN shares at $1.80 to $1.95 regardless, given they are trading at 45 to 50% below their current value.
The rationale is straightforward. With a modernized mine in operation, enjoying a royalty holiday and government backing, plus over thirty years of mining life ahead, minimal short-term debt, and commodities prices on the rise, I cannot envision a more favorable convergence of circumstances for any other company poised for a significant breakthrough like KCN.
And when KCN reaches the $4 to $5 mark, I'll be here, ready to reap substantial dividends and observe our share buyback until we reach the ideal number of ninety million outstanding shares and my magic price of $8 a share.
KCN Price at posting:
$1.58 Sentiment: Buy Disclosure: Held
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