My point was that it is a speculators market or momentum based market. ie it does not matter much how a stock is valued, the only thing that matters is which way it will go next. Instos as you call them are not immune to this. In fact they probably support this as it provides liquidity and punters who are not that sophisticated. I have no doubt games are played by big players. @Fitzroy and @Wary are insistent it is illegal but these players would not be able to do it without the speculators who really do not care about value but which way the stock will go next ie they go in and out of a stock all the time.
I have other gold stocks being treated the same way. Some have fantastic FCF. So to complain that KCN management is to blame for the poor share price is not correct.
KCN Price at posting:
$1.33 Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)