Ann: May 2021 Business Update, page-139

I wouldn't say its 'all over'. KGN doesn't have much debt and they have efficient operations so they will be around for many years to come.

I just can't accurately forecast what the EPS will be over the next few years.

Will their EPS trend back to pre covid levels say FY19 @18c , will their EPS recover after FY22 as excess stock is solved, and EPS exceed FY20 @ 28c.

I just don't know, but KGN is priced as a growth stock, if earnings don't materialize then the share price still has much further to drop.

At current share prices, KGN MUST grow earnings significantly in FY23. To justify current share prices.

When I invest, I am not just looking for a return on my capital, I am also looking at a return of my capital.

A share price drop that is not temporary in nature represents a reduction of my capital = not good.

So I am on the sidelines.

To be fair, the 'analyst forecasters' are predicting FY23 EPS of 42c, if KGN does hit FY23 EPS of 42c then the share price will be north of current share prices.