Just another perspective, because you say, " Who cares if they have not yet mined the gold they said they would mine last year. 50,000 ounces is now worth an extra $25million than it was 6 months ago"
We have had to issue 10 million warrants due to finance issues. in 3 years time, if the share price is $4.07 and the Strike Price is $2.07 these warrants will have cost shareholders $20 million dollars, excluding the 12% plus interest. So, with all dues respect. Perhaps revisit this view.
To drive this point home. A large amount of people think there is 50 years of mining on this gold belt. So why wait? Like, why did they even mine gold in Johannesburg 50 years ago when they could have waited for $2,400 per ounce?
At some point, one needs to cash out, in one way, shape, or form.
Disclosure. Lowest buy $0.165
KCN Price at posting:
$1.63 Sentiment: Buy Disclosure: Held
(20min delay)