I understand the concern about opportunity cost, but that can cut both ways- your next investment might turn out to be a disaster ( just like mine did today with MAY).
These guys are the real deal, and when the September quarterly hits, the share price will have a 2 in front of it (unless of course gold completely tanks).
I suspect that the western wall of the A pit (the quartz lease- withheld for many years) will yield 1g/t. Once they strip the waste off, it will be an absolute star. I am only guessing of course, DYOR etc.
There will be no CR, they have enough to get through, and I suspect buybacks will happen early 2025 if all goes well.
I am going to top up with what is left of my MAY stake, and try and claw it all back. Forget black gold- stick with real gold.
I understand the concern about opportunity cost, but that can...
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Last
$1.35 |
Change
0.060(4.65%) |
Mkt cap ! $347.9M | |||
| Open | High | Low | Value | Volume |
| $1.33 | $1.36 | $1.30 | $900.7K | 678.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2877 | $1.35 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.37 | 2963 | 1 |
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| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| KCN (ASX) Chart |